Argentina's securities regulator finalizes regulations for virtual asset service providers

ChainCatcher news, according to Cointelegraph, the Argentine National Securities Commission (CNV) has finalized regulatory rules for Virtual Asset Service Providers (VASP).

The new regulations cover registration obligations, cybersecurity, asset custody, anti-money laundering, and risk disclosure, requiring mandatory separation of company and client funds, annual audits, and monthly reports to the CNV. Starting in 2024, VASPs operating in Argentina must register with the Virtual Asset Service Provider Registry (PSAV), and violators may have their registration revoked.

CNV Chairman Roberto E. Silva stated that institutions failing to comply with the regulations will not be able to operate in Argentina.