Argentina Implements Comprehensive Regulations for Virtual Asset Service Providers

According to BlockBeats, the Argentine National Securities Commission (CNV) has officially approved General Resolution No. 1058, establishing definitive regulatory guidelines for Virtual Asset Service Providers (VASPs). The new regulations encompass registration obligations, cybersecurity, asset custody, anti-money laundering measures, and risk disclosure, aiming to ensure transparency, stability, and user protection within the crypto ecosystem. Under the new rules, VASPs are required to separate company and client funds, conduct annual audits, and submit monthly reports to the CNV. Non-compliant or unregistered entities may face registration revocation or court-imposed blockages. Regarding compliance deadlines, individual service providers already registered must adjust by July 1, domestically registered companies by August 1, and foreign companies by September 1. CNV Chairman Roberto E. Silva stated, "Entities failing to comply on time will not be permitted to operate in Argentina."