Argentina Unveils Robust Crypto Oversight Framework to Boost Transparency

Argentina is stepping into the spotlight of global cryptocurrency with a freshly minted regulatory framework designed to tighten oversight of virtual asset service providers (VASPs). Known as Resolution No. 1058, this initiative from the country’s Comisión Nacional de Valores (CNV) introduces a comprehensive set of rules aimed at ensuring transparency, enhancing consumer protection, and aligning the crypto sector with established financial standards.

Approved after a thorough public consultation process, the framework reflects Argentina’s commitment to balancing innovation with accountability as digital currencies continue to gain traction worldwide.

The new regulations place clear demands on VASPs, which include companies involved in facilitating transactions such as crypto exchanges, managing custody like crypto wallets, or intermediating digital assets. These entities must now adhere to strict registration protocols, bolster cybersecurity measures, comply with anti-money laundering requirements, and establish robust asset custody practices.

CNV President Roberto E. Silva has underscored the importance of this approach, noting that the regulator worked diligently to craft rules that are both effective and practical. By incorporating feedback from industry stakeholders during the consultation phase, the CNV aims to support the crypto sector’s growth without imposing undue burdens that could stifle innovation.

Key Requirements and Deadlines for Compliance

Under Resolution No. 1058, VASPs face a series of operational mandates designed to safeguard users and maintain market integrity. Providers are required to implement strong information security policies to shield customers from cyber threats, a growing concern in the digital asset space.

Additionally, they must ensure prudent financial safeguards, including the proper segregation of client funds, to prevent mismanagement or loss. Transparency is further emphasized through obligations to disclose agreements with third parties, such as financial institutions, custodians, or foreign affiliates. To keep operations in check, annual audits will be compulsory, offering a regular assessment of compliance with the framework.

The rollout of these regulations comes with a structured timeline to give businesses ample opportunity to adapt. Individuals offering virtual asset services must register with the CNV by July 1, 2025, while domestically incorporated firms have until August 1, 2025. Foreign entities face a slightly later deadline of September 1, 2025.

The full framework will officially take effect on December 31, 2025, marking a significant milestone in Argentina’s oversight of the crypto landscape. For companies aiming to operate legally within the country, meeting these deadlines is non-negotiable, as the CNV has been granted broad enforcement powers to uphold the new rules.

Beyond registration and operational standards, the resolution equips the CNV with the authority to suspend or revoke licenses of non-compliant providers. In cases of persistent violations, the regulator can collaborate with judicial authorities to block unregistered VASPs from functioning in Argentina. Virtual assets classified as publicly offered securities will also fall under the country’s Capital Markets Law, adding an extra layer of scrutiny for certain digital offerings. While the CNV has clarified that it does not directly regulate cryptocurrencies themselves, this framework signals a proactive effort to bring order to the digital asset ecosystem.

Argentina’s move comes at a pivotal moment, following the recent LIBRA memecoin scandal tied to President Milei, which has heightened public and regulatory attention on the crypto market. By aligning with global trends, where regulators are increasingly focused on mitigating risks while encouraging responsible growth, Argentina is positioning itself as a forward-thinking player in the digital economy.