Register for Crypto Services in Argentina
If you operate a crypto service in Argentina, the new Registry of Virtual Asset Service Providers (PSAV) is now mandatory. The Comisión Nacional de Valores (CNV) requires companies to submit specific details to the regulator’s website to conduct business in the country.
New Registry Requirements
- CNV President Roberto E. Silva coordinated the PSAV launch with a visit from the Financial Action Task Force (FATF).
- The FATF develops anti-money laundering standards and terrorism financing measures.
- The PSAV complies with Law No. 25,246, enhancing the national system for preventing money laundering and terrorism finance.
Crypto Trend in Argentina
- Argentinians are turning to Bitcoin (BTC) amid significant currency devaluation fears.
- The Argentina-based exchange Lemon reports a surge in Bitcoin purchases due to the country’s high inflation rate, along with Ripio and Belo.
Hot Take: Embrace the New Regulatory Climate in Argentina
With the introduction of the mandatory registration platform for virtual assets, Argentina is signaling a commitment to regulating the crypto industry. Stay informed and compliant to succeed in this evolving landscape.
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