Argentine government passes registration requirements for crypto firms

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Comisión Nacional de Valores President Roberto Silva said virtual asset service providers that are not registered “will not be able to operate“ in Argentina.

Argentina’s government has begun implementing requirements for cryptocurrency exchanges to operate legally in the country.

In a March 25 announcement, Argentina’s Comisión Nacional de Valores (CNV) — the country’s equivalent of a securities regulator — said virtual asset service providers would be operating in accordance with recommendations from the Financial Action Task Force (FATF). Certain companies offering crypto-related services must register with the Argentina government as part of reforms to the country’s Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) laws.

The implementation of the law affecting crypto providers in Argentina moved forward on March 14, when the country’s senate approved modifying laws aimed at preventing money laundering and the financing of terrorism. CNV President Roberto Silva said virtual asset service providers that are not registered “will not be able to operate in the country.”

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