Argentina's Central Bank Publishes New Digital Wallet Compliance Rules

The Central Bank of Argentina has released a new set of rules for digital wallet operators in the country, and customers of digital wallet providers must now be considered financial users, with customer protections similar to those offered to bank users, Bitcoin.com reported. . The Central Bank of Argentina stipulates that payment service providers should submit a compliance report prepared by a professional or registered professional association, and a relevant certificate issued by the Economic Sciences Professional Committee, stating that they comply with the regulations. Digital wallet companies will have 180 days to make the necessary adjustments to comply with the new requirements, and Argentina’s central bank will have the option to impose sanctions in case of non-compliance.