Argentina’s National Securities Commission Introduces Cryptocurrency Regulations
Argentina’s National Securities Commission has launched new regulations for virtual asset service providers, focusing on registration, cybersecurity, and user protections, to ensure stability and transparency in the cryptocurrency market.
On March 13, Argentina’s National Securities Commission (CNV) unveiled a comprehensive regulatory framework for virtual asset service providers (VASPs). This initiative includes detailed conduct codes and asset custody requirements for cryptocurrency exchanges and digital asset platforms operating within the country. The regulations, established under General Resolution No. 1058, are designed to set clear obligations regarding essential aspects such as registration and cybersecurity.
The recent regulatory changes introduced by Argentina’s national securities regulator aim to enhance the oversight of virtual asset service providers. By instituting requirements for registration, cybersecurity, and risk disclosure, the Argentine government seeks to foster transparency and stability in the cryptocurrency market, thereby protecting users involved in this evolving financial ecosystem.
Original Source: ihodl.com
