Argentina introduces new regulatory framework for stringent crypto oversight

Argentina’s Comisión Nacional de Valores (CNV) has introduced new regulations for virtual asset service providers (PSAVs), requiring them to comply with registration, cybersecurity, anti-money laundering, and asset custody standards to ensure transparency and consumer protection in the crypto sector.

The regulatory framework — dubbed Resolution No. 1058 — was approved following a public consultation process and aligns with legislation that grants the CNV authority over virtual asset service providers.

The new rules mandate stringent operational guidelines and impose severe penalties for non-compliance on companies facilitating transactions, custody, or intermediation of digital assets.

CNV President Roberto E. Silva emphasized the importance of striking a balance between effective regulation and fostering innovation.

He said the regulator had worked extensively to ensure the regulation was both effective and aligned with the law while avoiding unnecessary costs that could hinder the industry’s growth. Silva also noted that the framework incorporates input from industry stakeholders who participated in the public consultation.

New rules

Under the new rules, PSAVs must implement robust information security policies to protect users from cyber threats. They are also required to maintain prudent financial safeguards for asset custody, ensuring proper segregation of client funds.

Additionally, providers must disclose agreements with third parties, including partnerships with financial institutions, custodians, and foreign affiliates. Annual audits will be mandatory to verify compliance with the framework.

Companies seeking to operate legally in Argentina must register with the CNV within the designated deadlines. The full regulatory framework will take effect on Dec. 31, 2025.

However, individuals providing virtual asset services must complete registration by July 1, 2025, while domestically incorporated firms have until Aug. 1, 2025. Meanwhile, foreign entities must register by Sept. 1, 2025.

Broad enforcement powers

The resolution gives the CNV broad enforcement powers. It can suspend or revoke the licenses of non-compliant service providers and, in coordination with judicial authorities, block unregistered PSAVs from operating in Argentina.

Furthermore, virtual assets that qualify as publicly offered securities will remain subject to Argentina’s Capital Markets Law (No. 26,831), placing them under additional oversight.

While the CNV emphasized that it does not regulate cryptocurrencies themselves, the new framework represents a significant step toward formal oversight of Argentina’s digital asset sector.

The move aligns with global trends, as regulators worldwide seek to address risks associated with digital asset platforms while fostering responsible industry development.