Regulatory Bodies
Regulatory body data collection in progress for Argentina. Our AI research workers are actively gathering this information.
Operating Models
0/9 verdictsCan specific business models operate in Argentina? Each card answers the operational question for one kind of operator. Curated cells reflect counsel-grade review; AI-generated cells should be confirmed before relying on them.
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Primary Legislation
| Law / Regulation | Year | Scope |
|---|---|---|
| Law N° 27,739: https://www.boletinoficial.gob.ar/detalleAviso/primera/296092/202 | 2026 | Law N° 27,739: https://www.boletinoficial.gob.ar/detalleAviso/primera/296092/20240314 (via [2][3]). |
| UIF guidelines in Argentina are issued and updated by the Unidad de Información | 2026 | UIF guidelines in Argentina are issued and updated by the Unidad de Información Financiera (UIF) under Law No. 25.246; f... |
Licensing Requirements
**Registration-focused**: Businesses register in the CNV's VASP registry for legal operation; unregistered VASPs cannot function.[2][3]
Unlike full licensing (e.g., with ongoing supervision), this is entry-based but mandates ongoing AML/KYC and reporting to UIF/CNV.[1][2]
CNV Resolution No. 1058/2025 updates emphasize transparency and compliance.[5]
Minimum net worth of $5,000–$50,000 (classification-dependent) for contractor licenses; half in cash for new applicants; varies by license type (e.g., $50,000 for money transmitters).
**AML/KYC**: Robust policies for client identification, transaction monitoring, and FATF-aligned reporting (e.g., suspicious activities to UIF); mandatory compliance officer.[1][2][3][5]
Law N° 27,739: https://www.boletinoficial.gob.ar/detalleAviso/primera/296092/20240314 (via [2][3]).
Argentina’s CNV regulates Virtual Asset Service Providers through its PSAV/VASP registry on cnv.gov.ar, but the regime has since evolved into a more detailed licensing/registration framework with ongoing supervisory, reporting, and compliance requirements; it is not just a simple static registry claim.
UIF guidelines in Argentina are issued and updated by the Unidad de Información Financiera (UIF) under Law No. 25.246; for current obligations, thresholds, procedures, and timelines, consult the UIF’s current resolutions and any sector-specific regulator guidance (e.g., CNV/BCRA where applicable), rather than relying on a generic UIF homepage link alone.
AML/KYC Requirements
VASPs must conduct continuous, risk-based screening of customers, wallets, and transactions against OFAC SDN, EU/UN lists, and other relevant global and national sanctions lists (e.g., OFSI, Argentina's RePET).
Report blocked assets to OFAC/UIF; no dealing with 50%+ owned entities or crypto from sanctioned sources (e.g., Blender.io, SUEX).[4][5]
Legal basis: Law 25,246 (AML), UIF Resolution 242/2023 (and modifications) for VASPs; RePET under National Law 26,268.
**OFAC**: Civil fines up to $1M+ per violation, criminal up to 30 years/$1M; strict liability.[4][5]
**Argentina**: UIF fines up to ~ARS 13.5M (~$13.5K USD equivalent, adjusted; 35% increase), license revocation, criminal charges under Penal Code Arts. 303-309 for terrorism financing.
EU/UN sanctions enforcement is standardizing through harmonized directives and competent authority frameworks, though implementation timelines remain subject to member state discretion and phased rollout schedules.
**RePET list**: Primary Argentine list for terrorism/financing; VASPs must screen, high quality for region.[2]
In Argentina, the Comisión Nacional de Valores (CNV) is the authority that oversees registration, regulation, and supervision of Proveedores de Servicios de Activos Virtuales (PSAV, i.e., virtual asset service providers), including their registration and compliance obligations, under the framework established by General Resolution 1058/2025 and related amendments, but there is no evidence of a CNV crypto/PSAV Resolution numbered 1125/2026.
**UIF (Financial Information Unit)**: Defines cryptocurrencies and enforces AML reporting via Resolution 300/2014.[2]
Travel Rule
The Travel Rule is **fully live and enforced** as a core PSAV compliance requirement, aligning with FATF standards.[1]
Key timeline: Law 27.739 (March 2024) defined PSAVs; phased CNV registration in 2025; **full enforceability of AML/CFT and Travel Rule obligations on 31 December 2025**; first compliance audit cycle from 1 January 2026.[1]
CNV Resolution 1058/2025 (March 2025) mandated VASP registration with staggered deadlines: individuals by 1 July 2025, Argentine entities by 1 August 2025, foreign entities by 1 September 2025.[2]
FATF globally recommends ~$1,000/€1,000, but jurisdictions vary or apply to all transactions; Argentina's strict framework implies broad coverage, including systematic reporting for higher-value activity, without a stated cutoff.[1][4]
Applies to **registered PSAVs** (domestic and foreign VASPs operating in or targeting Argentina users), post-mandatory CNV registration.[1][2]
Unregistered platforms face higher risks and lack oversight; traditional banks can offer crypto services from April 2026 under supervision.[1]
Strict on unhosted wallets and inbound cross-border transfers.[1]
VASPs must **collect, transmit, and retain originator/beneficiary information** for in-scope crypto-asset transfers.[1]
Includes **KYC, risk assessments, suspicious activity monitoring, and AML/CFT standards**; enhanced data sharing for Travel Rule-compliant transactions, even on international exchanges.[1][2]
Systematic reporting for higher-value activity; first annual audits from January 2026.[1]
No specific protocols (e.g., interoperability standards) detailed; aligns with FATF Recommendation 16 but faces global challenges like fragmented tech solutions.[1][4]
Tax Reporting
Calculation: Sale proceeds (in ARS at market value) minus cost basis and expenses; losses offset same-year gains and carry forward up to 5 years.[3]
Crypto-to-crypto trades and DeFi disposals count as taxable events.[1][3][4]
Valued at ARS market rate on receipt; treated under **Impuesto a las Ganancias (Ley 20.628)**.[3]
**Individuals**: Declare crypto gains/holdings on **Ganancias** (income/CGT) and **Bienes Personales** forms; file income tax returns April-June following the fiscal year. Keep full transaction records.[1][2][5]
**Businesses/VASPs**: Register with **Comisión Nacional de Valores (CNV)** per Law 27.739 (2024); comply with AML/CFT (FATF-aligned). Declare under asset regularization (*blanqueo*, Law 27.743).[5]
**AFIP Ruling 2/2022**: Classifies crypto as digital assets under Personal Property Tax framework.[1]
**Law of Foundations and Initial Measures for Argentinian Liberty (2024)**: Treats crypto as intangible property.[1]
**Law 27.739 (2024)**: VASP registration and AML/CFT rules (CNV oversight).[5]
**Law 27.743**: Mandatory crypto declaration for tax/regularization.[5]
**Impuesto a las Ganancias (Ley 20.628)**: Covers CGT/income.[3]
Official AFIP site: https://www.afip.gob.ar (general guidance; check for updates).
CNV site: https://www.cnv.gov.ar (VASP registration).
Custody Requirements
Custody regulation data collection in progress.
Stablecoin Regulation
Stablecoin regulation data collection in progress.
Securities Classification
Securities classification data collection in progress.
Sanctions & Restrictions
Sanctions data collection in progress.
Enforcement Actions
No verified facts yet. 17 unverified fact(s) in explorer
Research & Articles
Regulatory Forecast
high confidenceLikely enforcement action expected around 2026-04-25
Based on 91 historical regulatory events for Argentina, averaging every 3 days, with increasing regulatory activity.
Recent Updates
Key timeline: Law 27.739 (March 2024) defined PSAVs; phased CNV registration in 2025; **full enforceability of AML/CF...
Key timeline: Law 27.739 (March 2024) defined PSAVs; phased CNV registration in 2025; **full enforceability of AML/CFT and Travel Rule obligations on 31 December 2025**; first compliance audit cycle from 1 January 2026.[1]
Unregistered platforms face higher risks and lack oversight; traditional banks can offer crypto services from April 2...
Unregistered platforms face higher risks and lack oversight; traditional banks can offer crypto services from April 2026 under supervision.[1]
**CNV General Resolution 994/2024**: Defines VASPs and requires CNV registration for legal operations.[2][4]
**CNV General Resolution 994/2024**: Defines VASPs and requires CNV registration for legal operations.[2][4]
CNV General Resolution N°1025 (draft, public consultation October 2024) proposes finalized VASP rules on custody infr...
CNV General Resolution N°1025 (draft, public consultation October 2024) proposes finalized VASP rules on custody infrastructure, audits, and policies, expected to align closely with the draft. [5]
BCRA is reviewing plans to lift the bank prohibition on crypto trading/custody, debating custody requirements, capita...
BCRA is reviewing plans to lift the bank prohibition on crypto trading/custody, debating custody requirements, capital treatment, and permitted tokens; approval would enhance consumer protection and AML. [2][9]
**Penalty:** Nationwide access block; directed ISPs to restrict access; Google and Apple instructed to remove mobile ...
**Penalty:** Nationwide access block; directed ISPs to restrict access; Google and Apple instructed to remove mobile applications
**Outcome:** Platform blocked countrywide[1]
**Outcome:** Platform blocked countrywide[1]
**Penalty Amount:** $251 million in investor losses documented
**Penalty Amount:** $251 million in investor losses documented
**Outcome:** Coinbase suspended ARS-to-USDC trading operations after less than one year in the market[4]
**Outcome:** Coinbase suspended ARS-to-USDC trading operations after less than one year in the market[4]
**Outcome:** Platform banned; thousands of investors affected with millions in losses[2]
**Outcome:** Platform banned; thousands of investors affected with millions in losses[2]
Report blocked assets to OFAC/UIF; no dealing with 50%+ owned entities or crypto from sanctioned sources (e.g., Blend...
Report blocked assets to OFAC/UIF; no dealing with 50%+ owned entities or crypto from sanctioned sources (e.g., Blender.io, SUEX).[4][5]
**OFAC**: Civil fines up to $1M+ per violation, criminal up to 30 years/$1M; strict liability.[4][5]
**OFAC**: Civil fines up to $1M+ per violation, criminal up to 30 years/$1M; strict liability.[4][5]
**Argentina**: UIF fines up to ARS 10M (~$10K USD equivalent, adjusted), license revocation, criminal charges under P...
**Argentina**: UIF fines up to ARS 10M (~$10K USD equivalent, adjusted), license revocation, criminal charges under Penal Code Arts. 303-309 for terrorism financing.[2]
**EU/UN**: Varies by member state enforcement; secondary risks amplify.[3]
**EU/UN**: Varies by member state enforcement; secondary risks amplify.[3]
No comprehensive list or test is specified in recent resolutions like CNV General Resolution 1125/2026, which defines...
No comprehensive list or test is specified in recent resolutions like CNV General Resolution 1125/2026, which defines virtual assets as "any digital representation of value that can be traded and/or transferred digitally and used for payments or investments," encompassing cryptocurrencies, tokenized assets, and stablecoins—but this is for qualified investor net worth calculations, not security classification.[1][2][3][4]
No explicit rules on secondary trading of tokens classified as securities appear in sources; a 2022 Central Bank ban ...
No explicit rules on secondary trading of tokens classified as securities appear in sources; a 2022 Central Bank ban persists on banks offering crypto services, though internal blockchain testing occurs and easing is anticipated.[1][3][4]
No specific enforcement cases against token issuers or secondary trading are cited in available results.
No specific enforcement cases against token issuers or secondary trading are cited in available results.
**National Securities Commission (Comisión Nacional de Valores, CNV)**: Primary regulator overseeing VASP registratio...
**National Securities Commission (Comisión Nacional de Valores, CNV)**: Primary regulator overseeing VASP registration, compliance, investor protection, and development of the crypto framework. It manages the mandatory VASP registry and recently issued General Resolution No. 1125/2026, allowing virtual assets like Bitcoin and Ethereum to count toward net worth for qualified investor status (threshold around $479,000).[1][2][4][5][7]
**Law N°27,739 (March 2024)**: Establishes the formal regulatory framework for VASPs, mandates CNV registration, and ...
**Law N°27,739 (March 2024)**: Establishes the formal regulatory framework for VASPs, mandates CNV registration, and integrates AML/KYC processes. Full framework takes effect December 31, 2025.[1][2]
Earlier measures: UIF Resolution 300/2014 (AML reporting); 2017 Income Tax Law amendments (taxes crypto profits).[1][3]
Earlier measures: UIF Resolution 300/2014 (AML reporting); 2017 Income Tax Law amendments (taxes crypto profits).[1][3]
Adopted through **Law 27.739** (March 2024), which defines PSAVs, followed by phased registration in 2025 and UIF Res...
Adopted through **Law 27.739** (March 2024), which defines PSAVs, followed by phased registration in 2025 and UIF Resolution 49/2024.[1]
Traditional banks can provide crypto services from April 2026 under supervision.[1]
Traditional banks can provide crypto services from April 2026 under supervision.[1]
Results do not detail specific penalties; non-compliance risks regulatory enforcement, as Argentina's framework is "c...
Results do not detail specific penalties; non-compliance risks regulatory enforcement, as Argentina's framework is "comparatively strict," with potential future access limits on unregistered foreign VASPs.[1][2]
Virtual assets are broadly defined as **“any digital representation of value that can be traded and/or transferred di...
Virtual assets are broadly defined as **“any digital representation of value that can be traded and/or transferred digitally and used for payments or investments”**, encompassing cryptocurrencies, tokenized assets, and stablecoins, but only those qualifying as securities fall under full Capital Markets Law.[1] (https://www.mexc.com/news/1021038; derived from https://news.bitcoin.com/argentina-recognizes-crypto-as-qualified-investors-net-worth/)
CNV issued a **cease-and-desist order** against a virtual coin offering resembling a security (excluding stablecoins ...
CNV issued a **cease-and-desist order** against a virtual coin offering resembling a security (excluding stablecoins per se), demonstrating enforcement under securities authority.[7] (https://www.dlapiper.com/insights/publications/2026/03/argentinas-securities-regulator-issues-cease-and-desist-order-virtual-coin-offering)
No additional specific cases (e.g., fines or prosecutions) detailed in results; historical context includes 2022 Cent...
No additional specific cases (e.g., fines or prosecutions) detailed in results; historical context includes 2022 Central Bank banking ban on crypto services (not CNV-led).[1][6] (https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory)
**UIF (Financial Information Unit)**: Defines cryptocurrencies and enforces AML reporting via Resolution 300/2014.[2]
**UIF (Financial Information Unit)**: Defines cryptocurrencies and enforces AML reporting via Resolution 300/2014.[2]
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