Argentina set to regulate crypto exchanges via an executive order
Argentina set to regulate crypto exchanges via an executive order The Argentine government is taking proactive steps to regulate cryptocurrency service providers, signaling a shift towards tighter oversight in the crypto sector. This move comes amidst efforts to prevent Argentina from falling back into the gray list of the Financial Action Task Force (FATF), where it was previously listed from 2010 to 2014 due to deficiencies in its anti-money laundering policies. Argentina to establish regulatory framework via an executive order President Javier Milei is reportedly poised to issue an emergency decree aimed at establishing a regulatory framework for cryptocurrency operations, placing them under the purview of the national securities watchdog (CNV). The imminent visit of the FATF, scheduled to assess Argentina‘s anti-money laundering measures, has accelerated the government’s regulatory agenda in the crypto space. By instituting stricter regulations, Argentina aims to demonstrate its commitment to combating money laundering and terrorist financing, key criteria for avoiding re-inclusion on the FATF gray list. Under the proposed executive order, all cryptocurrency service providers, regardless of their geographic location, would be required to register with the national cryptocurrency watchdog and obtain a license from the organization. This regulatory oversight aims to enhance transparency and accountability within the crypto ecosystem,