Argentina’s financial regulator approved new rules for crypto service providers, set to take full effect by December 31, 2025.
The National Securities Commission of Argentina (CNV) established a new regulatory framework for virtual asset service providers (Proveedores de Servicios de Activos Virtuales, or PSAV) aimed at ensuring transparency, financial stability, and crypto user protection. Key requirements include mandatory registration, anti-money laundering measures, asset custody rules, and risk disclosures.
Registered providers must comply with strict standards, including cybersecurity protocols, segregated fund storage, annual audits, and agreements with licensed financial market participants. Non-compliance may result in suspension or license revocation, while unregistered companies could face legal bans in Argentina.
Market participants must register and adapt to the new rules by the following deadlines:
- individuals — by July 1, 2025;
- Argentina-registered legal entities — by August 1, 2025;
- foreign legal entities — by September 1, 2025.
CNV President Roberto E. Silva emphasized that the regulator considered industry input to strike a balance between effective oversight and avoiding excessive business restrictions. However, CNV regulates VASPs, not virtual assets themselves, unless they qualify as publicly traded securities.
Max Krupyshev, CEO of CoinsPaid, noted in the Purpose Driven FinTech podcast that crypto adoption is growing rapidly across all social groups in Argentina. “Crypto ads are everywhere — on buses, buildings, and different billboards. The word ‘cryptocurrency’ is becoming more popular. Getting a VASP license is relatively easy, and there’s no sign that the government will restrict crypto use,” Max observed.
Recent studies indicate that Argentina leads Latin America in stablecoin adoption. Amid hyperinflation and limited access to U.S. dollars, citizens increasingly rely on USDT and USDC as digital alternatives for savings and international transactions.
