Argentina's securities regulator finalizes rules for virtual asset service providers
Argentina's National Securities Commission (CNV) has formally approved General Resolution 1058 establishing final regulatory guidelines for virtual asset service providers (VASPs). The new regulations cover registration obligations, cyber security, asset custody, anti-money laundering measures, and risk disclosure, with the aim of safeguarding the transparency, stability, and user protection of the crypto ecosystem.
Under the new rules, VASPs are required to ensure that companies are segregated from client funds, conduct regular annual audits and submit monthly reports to the CNV. In addition, unregistered businesses or those who violate the rules may face registration revocation or court blockade. In terms of compliance deadlines, registered individual service providers need to complete the adjustment by July 1, local registered companies need to comply by August 1, and foreign companies need to meet the new requirements by September 1. Roberto E. Silva, chairperson of the CNV, said: "Those who fail to comply on time will not be able to operate in Argentina."