Argentina's cryptocurrency regulations now mandate exchanges to register for lawful operation within the country's jurisdiction, aligning with FATF recommendations.

This move reflects Argentina's commitment to enhancing its Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) frameworks.

The Senate's approval to amend laws focused on thwarting money laundering and terrorism financing activities marks a significant step forward in this legislative process.

Roberto Silva, President of Argentina's securities regulatory authority, emphasises stringent enforcement measures, stating that unregistered virtual asset service providers will be prohibited from operating within the country.

These developments underscore Argentina's proactive approach to establishing a regulated environment for cryptocurrency transactions, aiming to maintain financial system integrity while fostering innovation in the digital assets field.