Argentine government passes registration requirements for crypto firms

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The implementation of an Argentine law has taken effect as of March 25, requiring crypto firms to register in accordance with AML and CFT guidelines from FATF.

Comisión Nacional de Valores President Roberto Silva said virtual asset service providers that are not registered “will not be able to operate“ in Argentina.

Argentina’s government has begun implementing requirements for cryptocurrency exchanges to operate legally in the country. In a March 25 announcement, Argentina’s Comisión Nacional de Valores — the country’s equivalent of a securities regulator —virtual asset service providers would be operating in accordance with recommendations from the Financial Action Task Force . Certain companies offering crypto-related services must register with the Argentina government as part of reforms to the country’s Anti-Money Laundering and Combatting the Financing of Terrorism laws.

The proposed modification to Argentina’s laws affecting crypto users reportedly came before Javier Milei won the country’s presidential election in November 2023. Many crypto proponents lauded the ascension of Milei at the time for his seemingly pro-Bitcoin views, but the implementation of the FATF requirements seems to have many concerned for for the future of digital assets in Argentina.the app no longer allows locals to send fiat to bank accounts.

Milei spoke publicly on April 2 as part of a Malvinas Day ceremony recognizing the loss of life during the Falklands War in 1982.ChatGPT removes another barrier to human-AI interactionNFTs are like nightclubs, crypto is a volatile religion: NFTStats, NFT Collector

 

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