According to ChainCatcher, citing CriptoNoticias, the Argentine government, through the Ministry of Health, has submitted a bill to Congress to prevent gambling addiction and regulate online gambling, explicitly including virtual asset service providers under regulation for the first time. The bill stipulates that banks, fintech companies, cryptocurrency exchanges, and wallet providers are prohibited from providing services or facilitating transactions for unlicensed gambling platforms operating within Argentina.
The bill also proposes amendments to the criminal code, imposing imprisonment of two to four years on individuals or companies providing financial, technical, or digital asset services to these illicit platforms. Exchanges and crypto asset providers will be required to implement stricter due diligence, transaction monitoring, and KYC policies. The Central Bank of Argentina, the National Securities Commission, the National Communications Commission, and NIC Argentina will strengthen inter-agency coordination to effectively block technology access and capital flows.
