Argentina's CNV just dropped Resolution No. 1058, forcing all crypto service providers to register or face suspension. The tough new framework requires strict cybersecurity standards, separate client funds, and annual audits. Companies have until various dates in 2025 to comply, with individuals given until July and foreign entities until September. Regulators aren't messing around—they can block unregistered operators and revoke licenses. The crypto Wild West days in Argentina are numbered.
While crypto enthusiasts in Argentina have been operating with minimal oversight, the country's financial watchdog has just changed the game. Resolution No. 1058, introduced by the Comisión Nacional de Valores (CNV), is about to flip the crypto world upside down in this South American nation. No more wild west. The party's over, folks.
The new framework requires all virtual asset service providers (PSAVs) to register with authorities and meet strict standards for cybersecurity, anti-money laundering, and asset custody. Anyone thinking they can dodge these rules better think again. The CNV isn't playing around.
PSAVs must now implement robust security policies against cyber threats. They'll need to keep client funds separate from company assets. Annual audits. Disclosure of third-party agreements. The whole nine yards.
Registration deadlines vary by entity type, with individuals having until July 1, 2025, and foreign entities until September 1, 2025. Miss these deadlines at your peril.
The CNV didn't just write rules—they gave themselves teeth to enforce them. They can suspend or revoke licenses. They can work with judicial authorities to block unregistered operators. Crypto may be decentralized, but Argentina's approach to regulation certainly isn't.
CNV President Roberto E. Silva claims they're trying to balance regulation with innovation. Sure they are. He says they've designed the framework to avoid unnecessary costs that might impede industry growth. They even considered stakeholder input during the public consultation process. How thoughtful.
Global regulators are all jumping on the crypto regulation bandwagon, and Argentina doesn't want to miss the ride. The regulations will significantly impact the growing DeFi ecosystem which had been flourishing due to its promise of financial inclusion without traditional intermediaries. The full regulatory framework takes effect December 31, 2025. That gives crypto businesses some breathing room to get their affairs in order.
But make no mistake—change is coming. The days of operating in the shadows are numbered. Argentina's crypto industry is growing up. Ready or not.
