Cryptocurrencies: the key decision made by the CNV with the memecoins

Cryptocurrencies: the key decision made by the CNV with the memecoins

The head of the National Securities Commission (CNV), Roberto Silvahe ratified on Tuesday -in the framework of a meeting with finance executives -that the agency will advance this year with the regulation of the Virtual Assets Services Suppliers.

Within the framework of 19 capital market symposium organized by the Argentine Institute of Finance Executives (IAEF), Silva confirmed the scheduled program for this year for market actors, who are still registered in a simple registry, complete some new requirements to continue operating.

The head of the CNV stressed that The new regulation for that market sector will not include cryptocurrencies By indicating that according to the international standard, “neither memecoins nor stablecoins” are negotiable values. Only market subjects will be controlled.

In that sense, he recalled that the Last Friday the CNV launched the process that will end on December 31. At that time the subjects who participate in the market will have to have completed all the required documentation.

Silva insisted that The Argentine regulations will not include cryptoactives, and therefore will be people risk operations.

However, he said that those who sell memes “We are going to ask them to have the offer of that differentiated cryptoactive from the rest for six months.” That is, the PSAV that offers a Memecoin, will have to clearly warn that it is a high -risk investment.

The $ Libra scandal at bad times

On the other hand, Silva recalled that the CNV actually more than a year ago that works in regulation, from the moment members of the International Financial Action Group (GAFI) They visited Argentina and asked to advance in the control.

“There was a very important job, 18 proposals from market actors were received that we analyzed in detail “Said the official, who rejected that the regulation was launched now, after the $ Libra scandal that involved President Javier Milei.

On the other hand, he recalled that in Argentina there is no law that indicates that cryptoactive ones must also regulate, but that if there were in the future, the body will also do so.

Source: Ambito

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