Argentina has adopted registration requirements for crypto companies under its anti-money laundering and anti-terrorist financing laws.
Argentina’s requirements
The Comisión Nacional de Valores (CNV), Argentina’s equivalent of a securities regulator, has announced that crypto-asset service providers must operate in accordance with the recommendations of the Financial Action Task Force (FATF). Companies offering crypto-currency-related services must register with the Argentine government as part of reforms to anti-money laundering and anti-terrorist financing laws.
Impact on crypto-currency services
Argentina’s requirements for crypto companies have an impact on companies operating in the country or providing services to Argentine users. However, it is not yet clear how these requirements will specifically affect these companies or customers seeking to use their services. Further consultations with the Argentine authorities may be necessary to clarify the implications of these new rules.
These regulatory requirements from Argentina reflect a growing global trend towards stricter regulation of crypto-related activities. Many governments are seeking to establish legal and regulatory frameworks to monitor and control cryptocurrency-related transactions, with the aim of combating money laundering, terrorist financing and other illicit activities.
Conclusion – Crypto companies must register in Argentina
Argentina has adopted registration requirements for crypto companies under its anti-money laundering and anti-terrorist financing laws. Companies offering crypto-currency-related services must register with the Argentine government, which has an impact on businesses operating in the country or offering services to Argentine users.
