Argentina Regulator Shifts Stance on Bitcoin at Buenos Aires Crypto Summit
Argentina’s National Securities Commission (CNV) is shifting its stance on Bitcoin and cryptocurrencies, signaling a more supportive approach during the recent Tech Forum in Buenos Aires. The regulator is working towards fostering innovation and ensuring FATF compliance with new crypto regulations.
Argentina Regulator Shifts Stance on Bitcoin at Buenos Aires Crypto Summit
Argentina's National Securities Commission (CNV) is showing signs of a policy shift towards Bitcoin and the broader crypto sector, as observed during a recent Tech Forum in Buenos Aires. Once known for its stringent stance on cryptocurrencies, the CNV now appears poised to support the industry's growth, marking a potential turning point for Argentina’s financial landscape.
At the forum, Gonzalo Chiarullo, Director-General of Investment Promotion and Foreign Trade for Buenos Aires, remarked on the CNV's evolving position. He highlighted that the regulator, once opposed to crypto, is now actively engaging in crypto-related events, signaling a willingness to foster innovation in the space.
CNV lawyer Alejandro Rodríguez Ariola reinforced this sentiment, calling the regulator’s participation in such events a “revolutionary step.” He emphasized that the CNV is working closely with the industry, seeking feedback on the creation of a virtual asset service provider (VASP) registry to ensure compliance with Financial Action Task Force (FATF) guidelines. Rodríguez Ariola also mentioned that the CNV is exploring regulations for asset tokenization, starting with security tokens, while the regulation of real-world assets (RWA) remains under discussion.
Additionally, the recent approval by Argentina’s General Inspection of Justice (IGJ) to allow companies to be founded with cryptocurrency holdings, including Bitcoin and USD Coin (USDC), as part of their capital base, underscores the growing acceptance of crypto in the nation.
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