CandleFocus Argentina’s CNV proposes new regulations for virtual asset service providers
2024-10-18
Author: Content Editor
The National Securities Commission (CNV) in Argentina has proposed a new regulatory framework for Virtual Asset Service Providers (PSAVs). The framework aims to establish clear guidelines for PSAVs, categorizing them based on their specific activities. PSAVs will need to maintain a minimum asset threshold, appoint compliance officers and public relations representatives, and submit regular information reports. The proposal is expected to increase the administrative responsibilities of cryptocurrency exchanges operating in Argentina. The CNV aims to enhance oversight, accountability, and market integrity while promoting innovation and protecting investors. The ultimate goal is to establish a resilient system that promotes responsible growth and safeguards market participants' interests. The CNV is seeking public input to set clear guidelines for PSAVs and position Argentina as a favorable jurisdiction for responsible digital asset services.
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