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Argentina’s securities regulator has finalized rules for virtual asset service providers (VASPs), which cover general codes of conduct and custody requirements for cryptocurrency exchanges and other platforms facilitating digital asset transactions. The regulations were published on March 13 by the National Securities Commission, also known as CNV, under General Resolution No. 1058. According to a translated version of the announcement, the regulations impose “obligations regarding registration, cybersecurity, asset custody, money laundering prevention, and risk disclosure” on VASPs operating in the country.The stated goal of the rules is to guarantee “transparency, stability, and user protection in the crypto ecosystem,” the announcement said.Argentine tax lawyer Diego Fraga said the final guidelines include mandatory separation of company and client funds, annual audits and monthly reporting with the CNV. Source: Diego FragaSince 2024, VASPs operating in Argentina have been required to register with the registry of virtual asset service providers, also known as PSAV. According to the new rules, registrations may be revoked for noncompliance, and any company operating without registration may be blocked by court order. Individuals who are registered with the PSAV have until July 1 to conform to the new rules. Companies incorporated in Argentina have until Aug. 1, and those incorporated abroad have until Sept. 1.“Those who do not comply with the established requirements and deadlines will not be able to operate in Argentina,” said Roberto E. Silva, the CNV’s president. Related: Argentina’s crypto adoption hopes dim after Milei’s LIBRA memecoin scandalDespite LIBRA scandal, crypto adoption rising in ArgentinaAs global law firm DLA Piper explained, Argentina’s push for clearer crypto regulations intensified one year ago after the CNV implemented registration requirements and said crypto issuers would be subject to securities laws. The regulatory pivot came amid a growing wave of crypto adoption in the country, which was partly driven by the rapid depreciation of the Argentine peso.By mid-2024, crypto adoption in Argentina had surged as locals flocked to stablecoins like Tether’s USDt (USDT).An October Chainalysis report determined that Argentina had overtaken Brazil as the largest Latin American country for crypto inflows at roughly $91 billion between July 2023 and June 2024. Argentina tops Latin America’s crypto adoption list in terms of value received between July 2023 and June 2024. Source: Chainalysis Crypto adoption trends remain positive in the face of the LIBRA scandal involving President Javier Milei. As Cointelegraph reported, Milei publicly endorsed the memecoin before it suddenly plunged in value, fueling allegations of a rug pull.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

Argentina’s securities regulator has finalized rules for virtual asset service providers (VASPs), which cover general codes of conduct and custody requirements for cryptocurrency exchanges and other platforms facilitating digital asset transactions. The regulations were published on March 13 by the National Securities Commission, also known as CNV, under General Resolution No. 1058. According to a translated version of the announcement, the regulations impose “obligations regarding registration, cybersecurity, asset custody, money laundering prevention, and risk disclosure” on VASPs operating in the country.The stated goal of the rules is to guarantee “transparency, stability, and user protection in the crypto ecosystem,” the announcement said.Argentine tax lawyer Diego Fraga said the final guidelines include mandatory separation of company and client funds, annual audits and monthly reporting with the CNV. Source: Diego FragaSince 2024, VASPs operating in Argentina have been required to register with the registry of virtual asset service providers, also known as PSAV. According to the new rules, registrations may be revoked for noncompliance, and any company operating without registration may be blocked by court order. Individuals who are registered with the PSAV have until July 1 to conform to the new rules. Companies incorporated in Argentina have until Aug. 1, and those incorporated abroad have until Sept. 1.“Those who do not comply with the established requirements and deadlines will not be able to operate in Argentina,” said Roberto E. Silva, the CNV’s president. Related: Argentina’s crypto adoption hopes dim after Milei’s LIBRA memecoin scandalDespite LIBRA scandal, crypto adoption rising in ArgentinaAs global law firm DLA Piper explained, Argentina’s push for clearer crypto regulations intensified one year ago after the CNV implemented registration requirements and said crypto issuers would be subject to securities laws. The regulatory pivot came amid a growing wave of crypto adoption in the country, which was partly driven by the rapid depreciation of the Argentine peso.By mid-2024, crypto adoption in Argentina had surged as locals flocked to stablecoins like Tether’s USDt (USDT).An October Chainalysis report determined that Argentina had overtaken Brazil as the largest Latin American country for crypto inflows at roughly $91 billion between July 2023 and June 2024. Argentina tops Latin America’s crypto adoption list in terms of value received between July 2023 and June 2024. Source: Chainalysis Crypto adoption trends remain positive in the face of the LIBRA scandal involving President Javier Milei. As Cointelegraph reported, Milei publicly endorsed the memecoin before it suddenly plunged in value, fueling allegations of a rug pull.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

Argentina’s securities regulator has finalized rules for virtual asset service providers (VASPs), which cover general codes of conduct and custody requirements for cryptocurrency exchanges and other platforms facilitating digital asset transactions. The regulations were published on March 13 by the National Securities Commission, also known as CNV, under General Resolution No. 1058. According to a translated version of the announcement, the regulations impose “obligations regarding registration, cybersecurity, asset custody, money laundering prevention, and risk disclosure” on VASPs operating in the country.The stated goal of the rules is to guarantee “transparency, stability, and user protection in the crypto ecosystem,” the announcement said.Argentine tax lawyer Diego Fraga said the final guidelines include mandatory separation of company and client funds, annual audits and monthly reporting with the CNV. Source: Diego FragaSince 2024, VASPs operating in Argentina have been required to register with the registry of virtual asset service providers, also known as PSAV. According to the new rules, registrations may be revoked for noncompliance, and any company operating without registration may be blocked by court order. Individuals who are registered with the PSAV have until July 1 to conform to the new rules. Companies incorporated in Argentina have until Aug. 1, and those incorporated abroad have until Sept. 1.“Those who do not comply with the established requirements and deadlines will not be able to operate in Argentina,” said Roberto E. Silva, the CNV’s president. Related: Argentina’s crypto adoption hopes dim after Milei’s LIBRA memecoin scandalDespite LIBRA scandal, crypto adoption rising in ArgentinaAs global law firm DLA Piper explained, Argentina’s push for clearer crypto regulations intensified one year ago after the CNV implemented registration requirements and said crypto issuers would be subject to securities laws. The regulatory pivot came amid a growing wave of crypto adoption in the country, which was partly driven by the rapid depreciation of the Argentine peso.By mid-2024, crypto adoption in Argentina had surged as locals flocked to stablecoins like Tether’s USDt (USDT).An October Chainalysis report determined that Argentina had overtaken Brazil as the largest Latin American country for crypto inflows at roughly $91 billion between July 2023 and June 2024. Argentina tops Latin America’s crypto adoption list in terms of value received between July 2023 and June 2024. Source: Chainalysis Crypto adoption trends remain positive in the face of the LIBRA scandal involving President Javier Milei. As Cointelegraph reported, Milei publicly endorsed the memecoin before it suddenly plunged in value, fueling allegations of a rug pull.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

Argentina’s securities regulator has finalized rules for virtual asset service providers (VASPs), which cover general codes of conduct and custody requirements for cryptocurrency exchanges and other platforms facilitating digital asset transactions. The regulations were published on March 13 by the National Securities Commission, also known as CNV, under General Resolution No. 1058. According to a translated version of the announcement, the regulations impose “obligations regarding registration, cybersecurity, asset custody, money laundering prevention, and risk disclosure” on VASPs operating in the country.The stated goal of the rules is to guarantee “transparency, stability, and user protection in the crypto ecosystem,” the announcement said.Argentine tax lawyer Diego Fraga said the final guidelines include mandatory separation of company and client funds, annual audits and monthly reporting with the CNV. Source: Diego FragaSince 2024, VASPs operating in Argentina have been required to register with the registry of virtual asset service providers, also known as PSAV. According to the new rules, registrations may be revoked for noncompliance, and any company operating without registration may be blocked by court order. Individuals who are registered with the PSAV have until July 1 to conform to the new rules. Companies incorporated in Argentina have until Aug. 1, and those incorporated abroad have until Sept. 1.“Those who do not comply with the established requirements and deadlines will not be able to operate in Argentina,” said Roberto E. Silva, the CNV’s president. Related: Argentina’s crypto adoption hopes dim after Milei’s LIBRA memecoin scandalDespite LIBRA scandal, crypto adoption rising in ArgentinaAs global law firm DLA Piper explained, Argentina’s push for clearer crypto regulations intensified one year ago after the CNV implemented registration requirements and said crypto issuers would be subject to securities laws. The regulatory pivot came amid a growing wave of crypto adoption in the country, which was partly driven by the rapid depreciation of the Argentine peso.By mid-2024, crypto adoption in Argentina had surged as locals flocked to stablecoins like Tether’s USDt (USDT).An October Chainalysis report determined that Argentina had overtaken Brazil as the largest Latin American country for crypto inflows at roughly $91 billion between July 2023 and June 2024. Argentina tops Latin America’s crypto adoption list in terms of value received between July 2023 and June 2024. Source: Chainalysis Crypto adoption trends remain positive in the face of the LIBRA scandal involving President Javier Milei. As Cointelegraph reported, Milei publicly endorsed the memecoin before it suddenly plunged in value, fueling allegations of a rug pull.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

Argentina’s securities regulator has finalized rules for virtual asset service providers (VASPs), which cover general codes of conduct and custody requirements for cryptocurrency exchanges and other platforms facilitating digital asset transactions. The regulations were published on March 13 by the National Securities Commission, also known as CNV, under General Resolution No. 1058. According to a translated version of the announcement, the regulations impose “obligations regarding registration, cybersecurity, asset custody, money laundering prevention, and risk disclosure” on VASPs operating in the country.The stated goal of the rules is to guarantee “transparency, stability, and user protection in the crypto ecosystem,” the announcement said.Argentine tax lawyer Diego Fraga said the final guidelines include mandatory separation of company and client funds, annual audits and monthly reporting with the CNV. Source: Diego FragaSince 2024, VASPs operating in Argentina have been required to register with the registry of virtual asset service providers, also known as PSAV. According to the new rules, registrations may be revoked for noncompliance, and any company operating without registration may be blocked by court order. Individuals who are registered with the PSAV have until July 1 to conform to the new rules. Companies incorporated in Argentina have until Aug. 1, and those incorporated abroad have until Sept. 1.“Those who do not comply with the established requirements and deadlines will not be able to operate in Argentina,” said Roberto E. Silva, the CNV’s president. Related: Argentina’s crypto adoption hopes dim after Milei’s LIBRA memecoin scandalDespite LIBRA scandal, crypto adoption rising in ArgentinaAs global law firm DLA Piper explained, Argentina’s push for clearer crypto regulations intensified one year ago after the CNV implemented registration requirements and said crypto issuers would be subject to securities laws. The regulatory pivot came amid a growing wave of crypto adoption in the country, which was partly driven by the rapid depreciation of the Argentine peso.By mid-2024, crypto adoption in Argentina had surged as locals flocked to stablecoins like Tether’s USDt (USDT).An October Chainalysis report determined that Argentina had overtaken Brazil as the largest Latin American country for crypto inflows at roughly $91 billion between July 2023 and June 2024. Argentina tops Latin America’s crypto adoption list in terms of value received between July 2023 and June 2024. Source: Chainalysis Crypto adoption trends remain positive in the face of the LIBRA scandal involving President Javier Milei. As Cointelegraph reported, Milei publicly endorsed the memecoin before it suddenly plunged in value, fueling allegations of a rug pull.Magazine: Caitlyn Jenner memecoin ‘mastermind’s’ celebrity price list leaked

A must-listen podcast with Vitalik Buterin (@VitalikButerin) and Pooja Ranjan (@poojaranjan19) diving into EIP-7706 – a game-changer proposal to introduce separate gas types for calldata! Tune in now: https://open.spotify.com/episode/5R9828Xs4toApldniJpi3i?si=zqUR7jkAQy2iuI-hm0R0IQ EIP-7706 introduces a distinct calldata fee market with separate base fees and block limits designed to recalibrate fee mechanisms. This innovative approach aims to lower costs…
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Based on whispers from unnamed insiders quoted by Reuters, Russia is reportedly turning to bitcoin, ether, and stablecoins as tools in its oil trade with China and India. These insiders, described as having “direct knowledge of the matter,” opted to stay in the shadows, citing the delicate nature of the topic. Shadow Claims: Russia Allegedly […]

Bolivia’s state-owned energy firm YPFB is planning to use cryptocurrency to pay for energy imports, according to a March 13 report from Reuters. The move comes as the South American nation faces a shortage of foreign currency reserves and a dwindling supply of domestic gas production.A spokesperson for YPFB said that a system had been put in place to use cryptocurrency to purchase energy imports after the government approved the use of digital assets to meet the country’s demand. While YPFB has not used the system yet, it plans to do so.The report does not reveal what cryptocurrency will be used for the payments. Stablecoins, which are digital assets pegged to fiat currency, are often used to make cross-border transactions, though it is unclear if that will be the case in Bolivia.The fuel shortage in Bolivia has led to protests and the threat of strikes among some of the nation’s workers, including farmers, who say the lack of fuel threatens their summer harvest. Only 35%–50% of the country’s public transport system is functional. Alejandro Gallardo, the energy and hydrocarbons minister, said there are challenges due to foreign currency shortages.The spokesperson for YPFB noted that the new purchasing system was designed to support national fuel subsidies in the country amid the shortage of foreign currency. “From now on, these (cryptocurrency) transactions will be carried out,” they said.Related: Vibe killers: Here are the countries that moved to outlaw crypto in the past yearCrypto adoption in Bolivia increasesIn June 2024, Bolivia’s central bank, Banco Central de Bolivia, lifted its ban on Bitcoin (BTC) and crypto payments, allowing financial institutions to transact with digital assets. The ban had been in place since 2014.In September 2024, Bolivia reported a 100% rise in virtual asset trading, with roughly $15.6 million worth of assets traded on a monthly basis between July and September. The $48.6 million traded was largely made up of stablecoins. Stablecoins are often used in developing countries whose local currency has experienced a high degree of devaluation or where there’s a shortage of foreign currency.Related: Stablecoins will see explosive growth in 2025 as world embraces asset classStablecoin use gained further momentum in Bolivia in October 2024 when local bank Banco Bisa introduced a stablecoin custody service. That service, which was supported by the country’s financial regulator, allows the nation’s residents to buy, sell and trade Tether’s USDt (USDT), a US dollar-pegged stablecoin.Cointelegraph wrote in September 2016 that Bolivia had much to gain from adopting cryptocurrencies. At that time, much of that country’s citizens were unbanked, with just 11% of residents using a debit card to make payments and only 5% using credit cards. However, the country continued upholding its ban until 2024, calling crypto a pyramid scheme in May 2017 and arresting crypto advocates.Magazine: Bitcoin payments are being undermined by centralized stablecoins

Bolivia’s state-owned energy firm YPFB is planning to use cryptocurrency to pay for energy imports, according to a March 13 report from Reuters. The move comes as the South American nation faces a shortage of foreign currency reserves and a dwindling supply of domestic gas production.A spokesperson for YPFB said that a system had been put in place to use cryptocurrency to purchase energy imports after the government approved the use of digital assets to meet the country’s demand. While YPFB has not used the system yet, it plans to do so.The report does not reveal what cryptocurrency will be used for the payments. Stablecoins, which are digital assets pegged to fiat currency, are often used to make cross-border transactions, though it is unclear if that will be the case in Bolivia.The fuel shortage in Bolivia has led to protests and the threat of strikes among some of the nation’s workers, including farmers, who say the lack of fuel threatens their summer harvest. Only 35%–50% of the country’s public transport system is functional. Alejandro Gallardo, the energy and hydrocarbons minister, said there are challenges due to foreign currency shortages.The spokesperson for YPFB noted that the new purchasing system was designed to support national fuel subsidies in the country amid the shortage of foreign currency. “From now on, these (cryptocurrency) transactions will be carried out,” they said.Related: Vibe killers: Here are the countries that moved to outlaw crypto in the past yearCrypto adoption in Bolivia increasesIn June 2024, Bolivia’s central bank, Banco Central de Bolivia, lifted its ban on Bitcoin (BTC) and crypto payments, allowing financial institutions to transact with digital assets. The ban had been in place since 2014.In September 2024, Bolivia reported a 100% rise in virtual asset trading, with roughly $15.6 million worth of assets traded on a monthly basis between July and September. The $48.6 million traded was largely made up of stablecoins. Stablecoins are often used in developing countries whose local currency has experienced a high degree of devaluation or where there’s a shortage of foreign currency.Related: Stablecoins will see explosive growth in 2025 as world embraces asset classStablecoin use gained further momentum in Bolivia in October 2024 when local bank Banco Bisa introduced a stablecoin custody service. That service, which was supported by the country’s financial regulator, allows the nation’s residents to buy, sell and trade Tether’s USDt (USDT), a US dollar-pegged stablecoin.Cointelegraph wrote in September 2016 that Bolivia had much to gain from adopting cryptocurrencies. At that time, much of that country’s citizens were unbanked, with just 11% of residents using a debit card to make payments and only 5% using credit cards. However, the country continued upholding its ban until 2024, calling crypto a pyramid scheme in May 2017 and arresting crypto advocates.Magazine: Bitcoin payments are being undermined by centralized stablecoins

Bolivia’s state-owned energy firm YPFB is planning to use cryptocurrency to pay for energy imports, according to a March 13 report from Reuters. The move comes as the South American nation faces a shortage of foreign currency reserves and a dwindling supply of domestic gas production.A spokesperson for YPFB said that a system had been put in place to use cryptocurrency to purchase energy imports after the government approved the use of digital assets to meet the country’s demand. While YPFB has not used the system yet, it plans to do so.The report does not reveal what cryptocurrency will be used for the payments. Stablecoins, which are digital assets pegged to fiat currency, are often used to make cross-border transactions, though it is unclear if that will be the case in Bolivia.The fuel shortage in Bolivia has led to protests and the threat of strikes among some of the nation’s workers, including farmers, who say the lack of fuel threatens their summer harvest. Only 35%–50% of the country’s public transport system is functional. Alejandro Gallardo, the energy and hydrocarbons minister, said there are challenges due to foreign currency shortages.The spokesperson for YPFB noted that the new purchasing system was designed to support national fuel subsidies in the country amid the shortage of foreign currency. “From now on, these (cryptocurrency) transactions will be carried out,” they said.Related: Vibe killers: Here are the countries that moved to outlaw crypto in the past yearCrypto adoption in Bolivia increasesIn June 2024, Bolivia’s central bank, Banco Central de Bolivia, lifted its ban on Bitcoin (BTC) and crypto payments, allowing financial institutions to transact with digital assets. The ban had been in place since 2014.In September 2024, Bolivia reported a 100% rise in virtual asset trading, with roughly $15.6 million worth of assets traded on a monthly basis between July and September. The $48.6 million traded was largely made up of stablecoins. Stablecoins are often used in developing countries whose local currency has experienced a high degree of devaluation or where there’s a shortage of foreign currency.Related: Stablecoins will see explosive growth in 2025 as world embraces asset classStablecoin use gained further momentum in Bolivia in October 2024 when local bank Banco Bisa introduced a stablecoin custody service. That service, which was supported by the country’s financial regulator, allows the nation’s residents to buy, sell and trade Tether’s USDt (USDT), a US dollar-pegged stablecoin.Cointelegraph wrote in September 2016 that Bolivia had much to gain from adopting cryptocurrencies. At that time, much of that country’s citizens were unbanked, with just 11% of residents using a debit card to make payments and only 5% using credit cards. However, the country continued upholding its ban until 2024, calling crypto a pyramid scheme in May 2017 and arresting crypto advocates.Magazine: Bitcoin payments are being undermined by centralized stablecoins