There are more and more active accounts to operate in the crypto ecosystem. The question about future regulations.
The cryptocurrencies They’re a growing trend in Argentina. According to National Value Comission (CNV), currently the amount of open accounts to invest in this type of asset is already comparable to the traditional capital marketcounting the sub accounts and Mutual Investment Funds.
He growth of the crypto ecosystem led to the fact that, to this day, they are already around 10 million the open accounts to invest in this type of asset, according to the numbers handled by the CNV.
Are cryptocurrencies going to be regulated in Argentina?
In principle, the CNV is advancing in the creation of a registration for crypto asset brokers. This would serve to generate a first mapping of the sector that will help to think about possible regulations.
Meanwhile, in Congress it advances and already has half penalty a law what are you looking for prevent and stop money laundering, the financing of terrorism and the financing of the proliferation of weapons of mass destruction. This includes a section that aims to create Registry of Virtual Assets Service Providers (PSAV) that depends on the NVC.
Furthermore, during the second semester this year, Argentina will be evaluated by a committee of the International Financial Action Task Force (GAFI) and one of the requirements that it demands is that there be an update of the regulation regulations for digital assets.
In this framework, from the ruling party they hope that the billwhich has already been approved in the Chamber of Deputies and has not yet been dealt with in the Senate, be treated in the coming weeks and be ready for the month of September, which is the time when the FATF delegation will visit the country. The deadline for the rule to be applied would be the first semester of 2024, at which time the international organization makes its final assessment.
“The functions and activities carried out by players in the crypto-assets market resemble to which they perform other agents and/or subjects of the traditional capital market. Thus, should be subject to the same regulation and that contemplates the specificities and risks associated with crypto assets and the underlying technology”, they explained from the CNV.
Source: Ambito
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