Argentina sets new rules for cryptocurrency providers

• VASPs regulation in Argentina.
• Rules aim to protect investors.
• Global regulatory trend.

In a significant step towards regulating the cryptocurrency market, Argentina has finalized rules for virtual asset service providers (VASPs), covering everything from codes of conduct to custody requirements for digital asset exchanges and platforms. The measure, announced by the National Securities Commission (CNV) through General Resolution No. 1.058, seeks to ensure security and transparency in the country’s growing crypto market.

The new regulations impose a series of obligations on VASPs operating in Argentina, including registration requirements, cybersecurity, asset custody, anti-money laundering and risk disclosure. The main objective, according to the CNV, is to promote a more transparent, stable and secure cryptocurrency environment for users.

“We have worked hard on this regulation with the aim of making it effective and in compliance with the law, while maintaining a balance to avoid over-regulation or imposing unnecessary costs on the industry and thus promoting innovation,” highlighted CNV President Roberto E. Silva said: “This work was carried out in conjunction with all stakeholders in the sector, who provided input through a public consultation, which is incorporated into this regulation.”

The president of the CNV also highlighted in his statement that “those who do not comply with the established requirements and deadlines will not be able to operate in Argentina”.

Since the beginning of last year, providers operating in the country have been required to register with the Virtual Asset Service Providers Registry (PSAV). The new rules reinforce this requirement, establishing that registrations can be revoked if they are not in compliance, and that companies operating without registration can be blocked by court order.

“For PSAVs registered in the PSAV Registry at the time RG No. 1058 comes into effect, deadlines are established for them to adapt to the new provisions and maintain their registration in said registry. These are for individuals: before July 1, 2025; legal entities incorporated in the country: until August 1, 2025; legal entities incorporated abroad before September 1, 2025 and, finally, legal entities incorporated abroad that resolve, under the terms of article 123 of Law No. 19.550, to incorporate a company in the country before September 1, 2025”.

According to the statement, all new rules will come into effect in the country on 31/12/25. Argentina’s move reflects a global trend toward greater regulation of the cryptocurrency market. Governments around the world are seeking to create regulatory frameworks that balance innovation with investor protection and prevention of illicit activities.