Argentina to VASPs: Register or shut down
Argentina is moving forward with a requirement for all VASPs to secure licenses in accordance with FATF recommendations, rattling ‘crypto’ anarchists.
Argentina is moving forward with a requirement for all VASPs to secure licenses in accordance with FATF recommendations, rattling ‘crypto’ anarchists.
Reports say that President Milei will issue an emergency decree to bring all ‘crypto’ activity under regulatory oversight before FATF’s visit in March.
Argentine central bank sets sights on digital peso legislation, as CBDC developments spark a debate amid economic challenges.
The upcoming presidential elections will not only be historical for the future of Argentina but will also be pivotal in whether or not the country will go for a CBDC or rely on the U.S. dollar.
Presidential candidate Sergio Massa unveils CBDC plan to combat hyperinflation in Argentina, proposing anti-money laundering laws, tax revisions, and rivals advocate for alternative approaches.
Argentina has launched an inquiry into Worldcoin's data handling practices, as countries worldwide scrutinize privacy risks associated with the identity-focused digital currency project.
The IMF issued a $45 billion loan in March, which came with the condition that Argentina had to discourage Crypto use, and it seems to finally be in effect.
The Argentine National Securities Commission's plan to issue new rules stems from a national reform of anti-money laundering laws being deliberated by Argentinian lawmakers.
With the new bill, individuals who choose to disclose their holdings within three months of the law's passage will be required to pay only a 2.5% tax on capital gains on digital currencies.
So-called stablecoin Tether continues to spread its pervasive influence over a digital asset industry that is being increasingly embraced with wide arms and closed eyes across large parts of Latin America.
YPF Luz said that its role would be to supply energy to the unnamed mining giant, and had begun building a 1 megawatt (MW) plant in the heat of Vaca Muerta.
As energy costs rise and Argentina faces thinning power supply, authorities crack down on digital asset mining as locals feel the brunt of the activity atop the dire global economic situation.