The government of Argentina approved the registration requirements for crypto companies
The Argentine government has begun implementing requirements for cryptocurrency exchanges to operate legally in the country.
In a March 25 announcement, Argentina's Comision Nacional de Valores (CNV) — the country's equivalent of a securities regulator — said virtual asset service providers will operate in accordance with recommendations from the Financial Action Task Force (FATF). Some companies that offer crypto-related services must register with the Argentine government as part of the country's anti-money laundering (AML) reform and an amendment to the financing of terrorism (CFT) laws.
The implementation of a law on crypto providers in Argentina came on March 14, when the country's Senate approved reform laws aimed at preventing money laundering and the financing of terrorism. CNV president Roberto Silva said unregistered virtual property service providers “cannot operate in the country”.
The report on the proposed reform of Argentina's laws affecting crypto users came before Javier Milei won the country's presidential election in November 2023. Many crypto supporters praised Milei's ascension for his seemingly pro-Bitcoin (BTC) views, but the implementation. The FATF requirements seem to be of great concern to the future of digital assets in Argentina.
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Several users on Strike, a popular Argentinian platform that facilitates Bitcoin payments through the Lightning network, have reported that the app no longer allows locals to send fiat to bank accounts. It is unclear how the requirements will affect businesses operating in Argentina or customers seeking to use their services. In the year In December 2023, Argentina's foreign minister said contracts could be settled in Bitcoin and other cryptocurrencies.
In the year In 1982, Mille spoke publicly as part of the Malvinas Day ceremony, recognizing the loss of life during the Falklands War.
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