Mandatory Registration for Crypto Providers
Argentina’s financial regulator has launched a new registry for crypto service providers. All crypto exchanges and other companies operating in the country must now register with the Comisión Nacional de Valores (CNV).
Timing with FATF Visit
The CNV timed the launch of the registry with a visit from the Financial Action Task Force (FATF), an international body that sets standards for preventing money laundering and terrorism financing.
Crypto Boom in Argentina
Argentines have been turning to Bitcoin (BTC) as a hedge against inflation, which is one of the highest in the world. Major crypto exchanges in Argentina, such as Lemon, Ripio, and Belo, have reported a surge in Bitcoin purchases.
