PANews reported on March 15 that according to Cointelegraph, Argentina's securities regulator has finalized the rules for virtual asset service providers (VASPs), covering "obligations regarding registration, cybersecurity, asset custody, anti-money laundering and risk disclosure." The stated goal of the rules is to ensure "transparency, stability and user protection in the crypto ecosystem." VASPs must ensure that companies are separated from customer funds, conduct regular annual audits, and submit monthly reports to CNV.
Under the new rules, non-compliant registrations may be revoked, and any company operating without registration may be blocked by court order. Individuals registered with the PSAV have until July 1 to comply with the new rules. Companies registered in Argentina have until August 1 to comply, and those registered abroad have until September 1 to comply.
