BlockBeats News, March 14th, the National Securities Commission of Argentina (CNV) officially approved General Resolution No. 1058, establishing final regulatory guidelines for Virtual Asset Service Providers (VASPs). The new regulation covers registration requirements, network security, asset custody, anti-money laundering measures, and risk disclosure, aiming to safeguard the transparency, stability, and user protection of the crypto ecosystem.
According to the new rules, VASPs must ensure the segregation of company and client funds, undergo annual audits regularly, and submit reports to the CNV monthly. In addition, unregistered entities or those in violation of the regulations may face deregistration or court injunctions. Regarding compliance deadlines, individually registered service providers must complete adjustments by July 1st, local registered companies must comply by August 1st, and foreign companies must meet the new requirements by September 1st. CNV President Roberto E. Silva stated: "Those who fail to comply on time will not be allowed to operate in Argentina."
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