Argentina's National Securities Commission to Set Requirements and Rules for Crypto Companies

Argentina’s National Securities Commission (CNV) will establish and regulate requirements to be followed by crypto companies in that country, the agency told CoinDesk on Tuesday.

The jurisdiction of the CNV over virtual asset service providers is specified in a reform of the money laundering prevention law that is being discussed in the Argentine Congress.

If the law is passed, the CNV plans to consult all of those in the crypto ecosystem operating in Argentina in order to seek their input as it works to create regulations, the agency told CoinDesk.

"The worst-case scenario is a regulation that cannot be implemented," said a CNV source.

According to the bill, the requirements that crypto companies will have to follow include the protection of users, the security and efficiency in the development of operations, the security of public savings and the prevention of money laundering, among others.

The main reason behind the new requirements for crypto companies is to comply with international standards required by the Financial Action Task Force, which will conduct an evaluation in Argentina in 2024, said the CNV.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。