CryptoMediaClub
Sunday, July 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Argentina Regulator Outlines Plans to Police Crypto Exchanges

20.03.2024
A A
0
129
VIEWS
ShareShare

The top Argentinian financial regulator says it plans to “supervise” the Latin American nation’s crypto service providers.

The National Securities Commission (CNV) said on March 18 that it would “proceed” to police the nation’s trading platforms.

It will also create a national registry of crypto platforms, which will likely need to apply for operating licenses.

Argentina Regulator Keen to ‘Comply with FATF Regulations’

The CVM’s move comes four days after the Argentine Senate “approved the creation of a registry of cryptocurrency service providers,” Criptonoticias reported.

The media outlet previously reported that senators had “caved in” to the demands of the Financial Action Task Force (FATF).

The CNV wrote that it was “working to adapt and implement the scope” of a law that will see exchanges forced to adopt “prevention of money laundering and countering the financing of terrorism” protocols.

The measures will also see the CNV appointed as the body that “supervises, regulates, inspects, and sanctions” the nation’s crypto platforms.

FATF Grey List Warning

The Senate and CNV moves follow a visit from FATF officials earlier this month. The FATF has reportedly told Argentina government officials that the nation risks ending up on its “grey list” if it fails to police its crypto sector.

Crypto ownership has shot up in Argentina in recent years due to spiraling inflation. New President Javier Milei has responded with austerity measures aimed at addressing inflation. He has also devalued the peso, winning IMF approval in the process.

Argentina’s monthly inflation slowed for a second consecutive time as President Javier Milei’s austerity measures push the economy into recession https://t.co/eLXX06NSVE

— Bloomberg Markets (@markets) March 12, 2024

However, confidence in the fiat peso is at an all-time low. Milei pledged prior to his election to ditch the peso in favor of the US dollar.

And with USD buying caps restricting citizens, many have taken to crypto, hoping coins will provide a safe store of value.

A graph shwoing the inflation rate in Argentina and a forecast of the rate up to 2028.

This appears to have caught the attention of the FATF, however. And with Buenos Aires still beholden to the IMF’s support for its economic survival, Milei can ill-afford to let the nation fall onto the grey list.

Consumers in Argentine are running out of options to shield themselves from runaway price increases as Javier Milei’s austerity measures send the country deeper into recession https://t.co/riNMi79lKp

— Bloomberg (@business) March 4, 2024

New Rules Will Restrict Access, Critics Warn

Criptonoticias quoted Sonia Salvatierra, a member of the regulatory body’s board of directors, as stating that “for the CNV, it is very important to comply with the FATF report.”

She added that the Argentina regulator was focused on “meeting goals” with “the objective of strengthening and promoting the development of the Argentine capital market.”

In a Medium post, the president of the crypto pressure group Bitcoin Argentina Ricardo Mihura warned that the new crypto regulations would “restrict access to the cryptoasset market.” He wrote:

“[Crypto] has been a refuge of value and guarantee for freedom for thousands of savers and freelance workers during years of inflation and arbitrary monetary restriction measures.”

The post Argentina Regulator Outlines Plans to Police Crypto Exchanges appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?
All news

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
0

Ethereum spot ETFs have achieved a historic 17-day consecutive inflow streak, recording $453 million on Friday alone and pushing total...

Read moreDetails
Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
What if Strategy Had Invested in XRP Instead of Bitcoin? 

What if Strategy Had Invested in XRP Instead of Bitcoin? 

27.07.2025
Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

27.07.2025
After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

27.07.2025
Load More
Next Post
GBTC Bleeds Another $443 Million as Bitcoin Price Drops Below $61,000

GBTC Bleeds Another $443 Million as Bitcoin Price Drops Below $61,000

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

86 Million Active Solana Wallets are Empty: Data Shows

86 Million Active Solana Wallets are Empty: Data Shows

10 months ago
Binance closes BTC withdrawals amid congestion on the Bitcoin network

Binance closes BTC withdrawals amid congestion on the Bitcoin network

2 years ago
Bitcoin Experiences Highest Wallet Activity in Past 30 Days

Bitcoin Experiences Highest Wallet Activity in Past 30 Days

2 years ago
Pi Coin Price Prediction: Is the World’s Most Controversial Token About to Prove Everyone Wrong?

Pi Coin Price Prediction: Is the World’s Most Controversial Token About to Prove Everyone Wrong?

1 month ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

What if Strategy Had Invested in XRP Instead of Bitcoin? 

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

Siton Mining Launches New Application to Use XRP to Start BTC Mining Machines

How Little Pepe’s Layer 2 Chain Changes Meme Coin Hype, Raises $5 Million in Presale

Trending

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?
All news

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
0

Ethereum spot ETFs have achieved a historic 17-day consecutive inflow streak, recording $453 million on Friday alone...

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
Increased market volatility as the U.S.–Europe tariff deadline looms

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
What if Strategy Had Invested in XRP Instead of Bitcoin? 

What if Strategy Had Invested in XRP Instead of Bitcoin? 

27.07.2025
Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz