Argentina’s Comisión Nacional de Valores (CNV) has launched new rules for digital asset service suppliers (PSAVs), requiring them to adjust to registration, cybersecurity, anti-money laundering, and asset custody requirements to make sure transparency and shopper safety within the crypto sector.
The regulatory framework — dubbed Decision No. 1058 — was accepted following a public session course of and aligns with laws that grants the CNV authority over digital asset service suppliers.
The brand new guidelines mandate stringent operational pointers and impose extreme penalties for non-compliance on corporations facilitating transactions, custody, or intermediation of digital property.
CNV President Roberto E. Silva emphasised the significance of putting a stability between efficient regulation and fostering innovation.
He mentioned the regulator had labored extensively to make sure the regulation was each efficient and aligned with the legislation whereas avoiding pointless prices that would hinder the business’s development. Silva additionally famous that the framework incorporates enter from business stakeholders who participated within the public session.
New guidelines
Beneath the brand new guidelines, PSAVs should implement strong info safety insurance policies to guard customers from cyber threats. They’re additionally required to keep up prudent monetary safeguards for asset custody, guaranteeing correct segregation of consumer funds.
Moreover, suppliers should disclose agreements with third events, together with partnerships with monetary establishments, custodians, and overseas associates. Annual audits will likely be necessary to confirm compliance with the framework.
Firms looking for to function legally in Argentina should register with the CNV throughout the designated deadlines. The total regulatory framework will take impact on Dec. 31, 2025.
Nevertheless, people offering digital asset providers should full registration by July 1, 2025, whereas domestically integrated corporations have till Aug. 1, 2025. In the meantime, overseas entities should register by Sept. 1, 2025.
Broad enforcement powers
The decision provides the CNV broad enforcement powers. It may well droop or revoke the licenses of non-compliant service suppliers and, in coordination with judicial authorities, block unregistered PSAVs from working in Argentina.
Moreover, digital property that qualify as publicly supplied securities will stay topic to Argentina’s Capital Markets Regulation (No. 26,831), putting them beneath further oversight.
Whereas the CNV emphasised that it doesn’t regulate cryptocurrencies themselves, the brand new framework represents a big step towards formal oversight of Argentina’s digital asset sector.
The transfer aligns with world traits, as regulators worldwide search to deal with dangers related to digital asset platforms whereas fostering accountable business growth.
