This jurisdiction has evolving or restrictive regulations that require careful compliance. Additional licensing, reporting, or operational constraints may apply.
Argentina Cryptocurrency Regulatory Overview
Argentina has high cryptocurrency adoption driven by economic instability and inflation. While crypto is legal, the regulatory framework is still developing. The Central Bank has imposed restrictions on crypto purchases using credit cards and limits on foreign exchange for crypto transactions. The government has shown mixed signals, with some officials supporting crypto while others express concerns. The 2025 administration has indicated more crypto-friendly policies. However, capital controls and economic volatility create regulatory uncertainty. The environment requires careful monitoring as policies evolve.
Argentina Blockchain Compliance Requirements
Legal Status: Legal but with restrictions. Central Bank: Limits on credit card crypto purchases; FX restrictions. Adoption: High due to inflation and currency instability. Regulation: Developing framework; mixed government signals. Taxation: Tax on crypto gains; reporting requirements. Capital Controls: Restrictions on foreign exchange for crypto. 2025 Changes: New administration indicating more supportive stance. AML/CFT: Basic requirements. Risk Level: Moderate to high; economic and regulatory uncertainty. Innovation: Growing despite challenges.
Crypto Licensing Requirements in Argentina
Virtual Asset Service Providers (PSAVs) must register with the Comisión Nacional de Valores (CNV) under General Resolution No. 1058. This registration is mandatory for all entities providing virtual asset services, including exchanges and custody, and is a prerequisite for operating legally in the country. PSAVs are also designated as Obligated Subjects for AML/CFT purposes.
Cryptocurrency Tax Treatment in Argentina
Profits from the sale of crypto assets are subject to Income Tax (Impuesto a las Ganancias) as a second-category income, with a cedular tax rate of 5% or 15% for individuals depending on the transaction currency. Crypto assets are also subject to Personal Property Tax (Impuesto sobre los Bienes Personales) at year-end.
Official Sources & Regulatory References
AML/CFT requirements may be stringent or evolving. Enhanced due diligence may be required.
Enforcement actions may be unpredictable or strict. Monitor regulatory developments closely.
Disclaimer: This information is provided for general guidance only and should not be considered legal advice. Regulations change frequently. Always consult with qualified legal professionals in the relevant jurisdiction before making business decisions.