Argentina Imposes Strict Crypto Regulations by 2025

Argentina has introduced a new regulatory framework aimed at enhancing oversight of cryptocurrency activities within the country. The Comisión Nacional de Valores (CNV) has implemented stringent guidelines that mandate virtual asset service providers (PSAVs) to adhere to rigorous operational standards and cybersecurity measures. These new regulations require PSAVs to register with the CNV and comply with a set of stringent operational guidelines. The framework imposes severe penalties for non-compliance, ensuring that companies facilitating transactions, custody, or other services related to virtual assets operate within a tightly regulated environment.

The new rules are designed to address the growing concerns over the use of cryptocurrencies for illicit activities and to protect investors from potential risks associated with the volatile nature of digital assets. By imposing registration and cybersecurity requirements, the CNV aims to create a more transparent and secure ecosystem for cryptocurrency transactions. This move is part of a broader effort to integrate cryptocurrencies into the formal financial system while mitigating the associated risks.

The regulatory framework also includes provisions for the supervision of providers of exchange services between virtual and fiat currencies, as well as custodian services. This comprehensive approach ensures that all aspects of cryptocurrency activities are subject to oversight, from the initial exchange of fiat currency to the storage of digital assets. The new regulations are expected to have a significant impact on the cryptocurrency industry in Argentina, as companies will need to adapt their operations to comply with the stringent guidelines.

CNV President Roberto E. Silva emphasized the importance of striking a balance between effective regulation and fostering innovation. He noted that the regulator had worked extensively to ensure the regulation was both effective and aligned with the law while avoiding unnecessary costs that could hinder the industry’s growth. Silva also highlighted that the framework incorporates input from industry stakeholders who participated in the public consultation.

Under the new rules, PSAVs must implement robust information security policies to protect users from cyber threats. They are also required to maintain prudent financial safeguards for asset custody, ensuring proper segregation of client funds. Additionally, providers must disclose agreements with third parties, including partnerships with financial institutions, custodians, and foreign affiliates. Annual audits will be mandatory to verify compliance with the framework.

Companies seeking to operate legally in Argentina must register with the CNV within the designated deadlines. The full regulatory framework will take effect on Dec. 31, 2025. Individuals providing virtual asset services must complete registration by July 1, 2025, while domestically incorporated firms have until Aug. 1, 2025. Foreign entities must register by Sept. 1, 2025.

The resolution gives the CNV broad enforcement powers. It can suspend or revoke the licenses of non-compliant service providers and, in coordination with judicial authorities, block unregistered PSAVs from operating in Argentina. Furthermore, virtual assets that qualify as publicly offered securities will remain subject to Argentina’s Capital Markets Law, placing them under additional oversight.

While the CNV emphasized that it does not regulate cryptocurrencies themselves, the new framework represents a significant step toward formal oversight of Argentina’s digital asset sector. The move aligns with global trends, as regulators worldwide seek to address risks associated with digital asset platforms while fostering responsible industry development.