PANews reported on May 3rd that, according to CriptoNoticias, the Argentine National Securities Commission (CNV) has proposed draft General Resolution No. 1137, suggesting improvements to its regulations on RWA tokenization, expanding its scope to allow a wider range of financial instruments to operate using distributed ledger technology in the country. Prior to this announcement, the existing legal framework only permitted the digital representation of specific financial instruments; the current resolution removes this restriction, allowing any closed-end mutual fund with automatic public offering authorization to migrate to digital asset formats. Furthermore, the resolution extends the regulatory sandbox to December 31, 2027. This controlled experimental space is crucial for fintech companies, allowing them to test new business models related to digital currencies and Bitcoin technology without being entirely constrained by traditional regulatory frameworks, thus enabling regulators to observe their behavior before the widespread adoption of digital assets.
