Argentina Drafts New Cryptocurrency Regulations to Regulate VASP Operations

Argentina is innovating its cryptocurrency framework. The Argentine Securities Regulatory Commission (CNV) recently announced public consultation on a draft to regulate the operations of virtual asset service providers (VASPs) in the country, imposing new compliance requirements on these institutions. If Resolution 1025 is approved, it will force cryptocurrency companies to disclose agreements with third parties and customers. In addition, it also seeks to prevent money laundering and terrorism financing by establishing policies and cybersecurity standards. This framework is a follow-up action to the VASP registration launched earlier this year.