The Argentinean government has introduced new regulations aimed at meeting the recommendations of the Financial Action Task Force (FATF).
The Argentinean government has also come forward in the world of crypto scams to save retail investors. They have introduced several regulations for the crypto industry.
Increasing Crypto Regulations In Argentina
The regulations will include the mandatory Registry of Virtual Asset Service Providers (VASPs). Media groups claim that it is due to the rise of ‘anarcho-capitalist’ leader Javier Milei in Argentina.
Businesses that fail to comply with the registration will be unable to operate within the country. CNV’s (National Truth Commission in English) president, Roberto E. Silva, has made it clear that there will be no room for interpretation. The securities watchdog has already held meetings with legal firms and the Fintech chamber to discuss the implementation of the Registry.
It will affect businesses engaged in various crypto-
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