Argentina’s National Securities Commission to Regulate Crypto Companies
The National Securities Commission (CNV) of Argentina has announced that it will be establishing and regulating requirements for crypto companies operating in the country. This move comes as part of a reform of the money laundering prevention law that is currently being discussed in the Argentine Congress. The CNV‘s jurisdiction over virtual asset service providers will ensure that crypto companies in Argentina are compliant with the necessary regulations and standards. This move will help to create a safe and secure environment for crypto companies to operate in, while also protecting the interests of investors. With the CNV’s oversight, Argentina is taking a step forward in the development of its crypto industry.
Argentina’s CNV Seeks Input on Crypto Regulations
The Comisión Nacional de Valores (CNV) of Argentina is looking to create regulations for the crypto ecosystem operating in the country. To ensure that the regulations are effective and practical, the CNV is seeking input from all those in the crypto ecosystem. The CNV source has stated that the worst–case scenario would be regulations that cannot be implemented. The CNV plans to consult all of those in the crypto ecosystem to ensure that the regulations are practical and effective. This is a great opportunity for those in the crypto ecosystem to have their voices heard and to help shape the regulations that will govern the industry in Argentina.
New Requirements for Crypto Companies in Argentina
The Argentine National Securities Commission (CNV) recently announced new requirements for crypto companies operating in the country. The requirements are intended to ensure the protection of users, the security and efficiency of operations, the security of public savings, and the prevention of money laundering. The main reason behind the new requirements is to comply with international standards required by the Financial Action Task Force, which will conduct an evaluation in Argentina in 2024. The new requirements are a positive step forward for the crypto industry in Argentina, as they will help to ensure that crypto companies are operating in a safe and secure manner.
