Argentina -- Stablecoin Regulations Regulatory Overview

Argentina's regulatory framework for stablecoins is governed primarily by Law No. 27.739 (enacted March 2024), which established a mandatory registration system for Virtual Asset Service Providers (VASPs) overseen by the National Securities Commission (CNV)[1][3].

Classification and Legal Status

Stablecoins are not classified as legal tender in Argentina but may be held and used by private agreement[2]. They are treated as virtual assets—defined as digital representations of value that can be traded or transferred digitally[5]. Argentina's regulatory approach treats stablecoins similarly to traditional assets for tax purposes, with simplified tax obligations[1].

Issuer Licensing and Registration

All entities offering stablecoin services must register with the CNV as VASPs (or PSAVs in Spanish)[2][3]. Registration requirements include:

• Mandatory registration for crypto businesses with monthly volumes exceeding 35,000 UVA (approximately $29,246)[5]
• Compliance with CNV Resolution 994/2024, which established the VASP registration framework[5]
• Implementation of strict Know Your Customer (KYC) procedures and continuous transaction monitoring[5]
• Reporting of suspicious activities to the Financial Information Unit (UIF) within 150 days[5]

Major stablecoin issuers operating in Argentina include Tether (USD₮), Circle (USDC, EURC), MakerDAO (DAI), and Num Finance (nARS)[2].

Reserve Requirements and Consumer Protection

Argentina has no country-specific reserve or prudential regime for stablecoin issuers[2]. Consumer protection relies on issuer-provided terms and governing law rather than regulatory mandates. However, regulatory disclosures are required:

• RG 1058/2025 mandates disclosure of custody models, wallet infrastructure, and PSAV conduct expectations[2]
• UIF Resolution 49/2024 imposes Anti-Money Laundering/Counter-Terrorism Financing (AML/CFT) programs, risk assessments, monitoring, and reporting requirements[2]

Redemption Rights and Algorithmic Stablecoin Rules

The search results do not provide specific information regarding redemption rights or specialized rules for algorithmic stablecoins. This represents a gap in the current regulatory framework documentation.

CBDC Interaction

The Central Bank of Argentina (BCRA) maintains a 2022 ban preventing traditional banks from offering crypto services, though some institutions are testing blockchain-based settlement systems internally[7]. The restriction is expected to ease as the government signals a more open stance toward digital assets[7]. The BCRA is the only authority permitted to issue legal currency and has issued public warnings regarding digital asset risks[3].

Additional Regulatory Authorities

• Financial Information Unit (UIF): AML/CFT authority; stablecoin service providers are classified as Sujetos Obligados (mandatory reporters)[2]
• Argentine Federal Administration of Public Revenue (AFIP): Enforces tax obligations on crypto-related activities, including capital gains reporting[3]

Recent Recognition

As of CNV Resolution 1125/2026, digital assets including stablecoins are officially recognized as part of an individual's net worth when determining qualified investor status, allowing them to count toward the financial threshold of approximately $479,000[7].