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[Argentina Drafts New Cryptocurrency Regulations To Regulate The Operations Of VASPs And Impose New Compliance Requirements] According To Bitcoin.com, The Argentine Securities Regulatory Agency (CNV) Recently Announced A Public Consultation On A Draft Bill That Aims To Regulate The Operations Of The Country's Virtual Asset Service Providers (VASPs) And Impose New Compliance Requirements On These Institutions. If Resolution No. 1025 Is Approved, It Will Force Cryptocurrency Companies To Disclose Agreements With Third Parties And Customers. It Also Attempts To Prevent Money Laundering And Terrorist Financing By Formulating Policies And Cybersecurity Norms. The Framework Is A Follow-up To The VASP Registration Launched Earlier This Year. One Of The Most Controversial Parts Of The Draft Is Its New Classification Of Cryptocurrency Companies, Which Establishes A Minimum Registered Capital For These Companies To Operate In The Country. The Minimum Capital Of Institutions That Provide Virtual Asset Transfer, Custody And Management Will Be Close To US$173,000. Individuals Can Participate In Fiat-to-cryptocurrency And Cryptocurrency-to-cryptocurrency Exchanges Without Setting Up A Company
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