This week, the National Securities Commission (CNV) of Argentina spread a new regulation applicable to Bitcoin (BTC) and cryptocurrency, as well as other suppliers of virtual asset services (PSAV). The regulatory framework impacts more than 140 entities registered with the agency. As Cryptonotics reported, the regulations were approved after a public consultation initiated at the end of last year. The CNV seeks guarantee transparency, stability and protection of users in the cryptocurrency ecosystem with this measure. General resolution No. 1058 includes general rules of action and specific conditions for the development of PSAV functions. It establishes initial information security policies, prudential requirements for custody of virtual assets and accounts segregation. This regulatory framework directly affects registered entities, which have shown diverse but coincident reactions: Regulation increases the supervision of the sector and protects users.
The entire standard will enter into force on December 31, 2025. Source: CNV Argentina.
«The importance of a balance»
Pablo Rutigliano, CEO and co -founder of atomic 3, a signature registered as PSAV under number 103 against the CNV, told cryptootics that it is 100% according to the new resolution, since, with it, «all these impurities of such a voracious market are completely eliminated.» According to him, the regulatory framework responds to the need for protection required by users against people who think without knowledge about cryptocurrencies or without having digital assets. Rutigliano, whose company focuses on asset token, He stressed that regulation arises in response to deceptive scams and ads. «It was the product of non -escalation models that falsified what cryptocurrencies and blockchain technology represent,» he added.
Routigliano says that the new standard is positive. Source: X. On the same line, María Fernanda Juppet, CEO of Cryptomkt, Exchange with Registration No. 43 in the CNV, told this medium that the regulation It is positive if it offers security and transparency to users. «Regulatory clarity is necessary to encourage trust and attract more investors and institutions to the market,» he said. However, he warned that the rules They should not impose excessive restrictions that limit innovation. Juppet stressed the importance of a balance in regulations to maintain Argentina's competitiveness in the global field. «The dialogue between regulators, companies and the crypto community is key to finding a point that benefits everyone,» he said. For Juppet, the use of cryptocurrencies in Argentina is more regulated than ever. The requirement of records and the monitoring of the CNV represent greater supervision, says. It also considers that a clear regulation can provide legal certainty, attract investments and facilitate adoption by companies and institutions. However, he warned that regulations They should not discourage innovation or create barriers for users and ventures.
«From Cryptomkt we support regulations that foster transparency and protect users, but we believe it is crucial that the authorities follow an approach that does not limit Argentina's competitiveness in a sector that advances globally,» he said.
For Juppet, the use of cryptocurrencies in Argentina is more regulated than ever. Source: LinkedIn.
With the sight on the tax issue
Julián Colombo, general director of Bitso Argentina, with registration No. 51 before the CNV, also reacted to the regulations. In a statement sent to cryptootics, he stood out as positive that the CNV has made a public consultation and worked with the sector Before formalizing the resolution. «It has maintained a continued effort between two different efforts, allowing the participation of the industry,» he said. Colombo indicated that Bitso is committed to regulatory compliance and will adapt to the new provisions. However, he insisted on the need for a framework that fosters innovation and financial inclusion without unnecessary barriers. The Bitso executive highlighted a critical aspect: «We need the court to be level in tax matters.» According to him, the cryptocurrency industry Face disadvantages against other Fintechs in Argentinawhich slows its growth. «It is essential that these asymmetries be corrected to compete on equal terms and provide better services to users,» he said. Colombo said that Bitso, along with other companies, will work in a tax reform To promote a tax framework that promotes innovation and the adoption of cryptoactives.
Colombo sees positive that the CNV has made a public consultation. Source: LinkedIn. For his part, Juan Pablo Fridenberg, director of Public Affairs at Lemon, a company registered under number 47 before the CNV, described the resolution as an advance in a process that must be gradual and intelligent.
«Gradual, to avoid regulatory excesses that suffocate innovation and hinder the advances of technology,» he said in a statement sent to cryptootics. Coincided with Colombo in which the next step must address the tax issue. «The sector faces challenges for outdated standards or inequities against other investment instruments,» he explained. Fridenberg suggested to rethink the tax framework to eliminate distortions and support the objectives of the new registration, such as the integrity of markets and the protection of the investor.
Fridenberg suggested to rethink the tax framework to eliminate distortions. Source: LinkedIn.
A new regulatory course for cryptocurrencies in Argentina
The new regulations will enter full validity on December 31, 2025. With this measure, Argentina marks a new regulatory course For the cryptocurrency sector, which has grown consistently in recent years. Entities agree that Regulation protects users and seeks to clean the market of doubtful practices. However, the tax challenge is still pending. The cryptocurrency industry expects dialogue with regulators to allow a balanced framework that drives their development without sacrificing innovation or country competitiveness on the global scenario. The impact of the resolution will be seen over time. The more than 140 entities registered with the CNV They must adjust their operations to the new framework. Prior public consultation demonstrates an effort to include the sector in the process. Even so, the voices of the industry insist that regulation must be a starting point, not an obstacle. In a market characterized by its dynamism, Argentina takes a step towards the formalization of the cryptocurrency ecosystem. The regulations seek to respond to the demands of an expanding sector, where trust and security are essential for sustained growth. The path to integral regulation continues, with an eye on the future where cryptocurrencies can be consolidated as an accessible and reliable financial tool for all.
