The Securities Regulatory in Argentina has terminated rules for virtual asset service providers (VASPS), which cover general symbols of behavior requirements and custody requirements to exchange cryptocurrency and other platforms that facilitate digital asset transactions.
The regulations were published on March 13 by the National Securities Committee, also known as CNV, under General Resolution No. 1058.
According to a translated version of advertisementThe regulations impose “obligations related to registration, cybersecurity, asset custody, and the prevention of money laundering and risk detection” on the country operating in the country.
The advertisement said that the declared goal of the rules is to ensure “transparency, stability and protection of the user in the ecosystem for encryption.”
Argentine tax lawyer Diego Ferra said the final guidelines include the mandatory separation of the company’s funds and customers, annual reviews and monthly reports with CNV.
source: Diego Farraja
Since 2024, the VASPS operating in Argentina has been asked to register for the registration of virtual asset service providers, also known as PSAV. According to the new rules, records may be canceled for non -compliance, and any company operating without registration may be banned according to the court order.
Individuals registered with PSAV until July 1 agree with the new rules. The companies listed in Argentina have until August 1, and those that were combined abroad until September 1.
Roberto E. Silva, CNV president: “Those who do not comply with the specific requirements and the final dates will not be able to work in Argentina.”
Related to: It hopes to adopt Argentine coding Dim after the Millie Millikoin scandal from Millie
Despite the scandal of the scale, the dependence of the encryption rises in Argentina
As a global law firm DLA tubeR explained that pushing Argentina to the most obvious encryption regulations had intensified one year ago after CNV was implemented, and they said that the encryption exports would be subject to securities laws.
The organizational axis came amid an increasing wave of encryption in the country, which was partially driven by the rapid consumption of the Argentine bibzo.
By mid -2014, encryption dependence in Argentina increased while the locals flocked to Stablecoins such as USDT from Tether (USDT).
The October series report decided that Argentina exceeded Brazil as the largest country in Latin America for about $ 91 billion between July 2023 and June 2024.
Argentina tops the encryption adoption list in Latin America in terms of the value received between July 2023 and June 2024. Source: Series of Analysis
The encryption adoption trends remain positive in the face of the scandal scandal that included President Javier Millie. As CointeleGRAph said, Milei publicly supported the mileyin before it suddenly slipped into the value, which increased allegations of pulling the rug.
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