PANews reported on March 15 that, according to Cointelegraph, the Argentine securities regulator has finalized the rules for Virtual Asset Service Providers (VASPs), covering "obligations regarding registration, cybersecurity, asset custody, anti-money laundering, and risk disclosure." The stated goal of the rule is to ensure "transparency, stability, and user protection in the crypto ecosystem." VASPs must ensure the separation of company and client funds, conduct annual audits, and submit monthly reports to the CNV.
Under the new regulations, non-compliant registration may be revoked, and any company operating without registration may be ordered by the courts to be blocked. Individuals registered with VASPs must comply with the new regulations by July 1. Companies registered in Argentina must comply by August 1, and companies registered abroad must comply by September 1.
