Argentina built its regime at speed under IMF and FATF pressure. A March 2024 law created the mandatory registry of virtual asset service providers under the CNV, and CNV General Resolution 1058 of March 2025 turned registration into regulation: PSAVs must meet capital requirements scaled to activity, segregate customer assets, maintain local governance and cybersecurity standards, and comply with reporting obligations, with compliance deadlines phased through 2025 and unregistered platforms subject to blocking. Securities-token offerings and a tokenization sandbox for real-world assets run alongside under CNV oversight.
Context is everything here: Argentines hold stablecoins at scale as inflation shelter, and policy has oscillated between the libertarian government's sympathy for crypto and the institutional cleanup demanded by the LIBRA memecoin scandal that touched the presidency in 2025. The registry-plus-rulebook structure has held through the turbulence.
The instruments
PSAV registry and CNV regulatory framework
Mandatory registration of virtual asset service providers with the CNV, followed by a full framework: minimum net worth by activity, segregation and custody standards, local establishment for firms serving Argentines, cybersecurity, disclosure, and AML alignment, with phased compliance deadlines and blocking of non-registrants.