A service provider with virtual assets from Rosario, Santa Fe was inspected.
Registration with the CNV is now mandatory to operate an exchange in Argentina.
The Financial Information Unit (UIF) of Argentina, in coordination with the National Securities Commission (CNV), carried out the first supervision of a bitcoin (BTC) and cryptocurrency exchange.
This action, announced this Mondayis part of the entity’s “2024 Annual Supervision Plan.” As indicated, the procedure was executed on an unidentified exchange, with operations based in the city of Rosario, in the province of Santa Fe.
According to the FIU, the supervision procedure is aligned with Resolution 49/2024, which establishes requirements to identify and mitigate risks of money laundering, financing of terrorism and financing of the proliferation of weapons of mass destruction. This supervision contributes to promoting compliance with regulations in new sectors and strengthening the federal presence of the FIU, the agency alleges.
In the statement, the FIU also indicates that the mechanism responds to the implementation of Recommendation 15 of the Financial Action Task Force (FATF) in law 27,739, which includes virtual asset service providers as subjects obliged to report to the FIU, through the creation of a registry before the CNV.
The action occurs in a context of growing alert for scams related to cryptocurrencies in Argentina. Recently, CriptoNoticias reported cases of platforms not registered with the CNV involved in alleged scams.
This supervision marks a milestone in cryptocurrency regulation in Argentina, reflecting an effort to integrate these emerging financial services within the country’s legal framework. The FIU and the CNV intend to ensure that operations with virtual assets comply with financial crime prevention regulations, adapting to recently updated international and national guidelines.
This article was created using artificial intelligence and edited by a human Editor.
