The Argentine National Securities Commission (CNV) has formally approved General Resolution No. 1058, establishing final regulatory guidelines for virtual asset service providers (VASPs). The new regulations cover registration obligations, cybersecurity, asset custody, anti-money laundering measures and risk disclosure, aiming to ensure transparency, stability and user protection in the crypto ecosystem.
According to the new regulations, VASPs must ensure that the company is separated from customer funds, conduct regular annual audits, and submit monthly reports to the CNV. In addition, unregistered companies or those who violate regulations may face registration revocation or court blockade. In terms of compliance deadlines, registered individual service providers must complete adjustments by July 1, locally registered companies must comply by August 1, and foreign companies must meet the new requirements by September 1. "Those who fail to comply on time will not be allowed to operate in Argentina," said Roberto E. Silva, chairman of CNV.