Argentina Law No. 27,739 and CNV PSAV Registry

The statute defines a virtual asset as a digital representation of value that can be traded or transferred digitally and used for payments or investment, excluding legal tender and foreign fiat currencies. It defines a PSAV as any natural or legal person that, as a business and for or on behalf of another person, performs exchange between virtual assets and fiat, exchange between virtual assets, transfer of virtual assets, custody or administration of virtual assets or control instruments, or financial services related to an issuer’s offer or sale of a virtual asset.

Law No. 27,739 makes PSAVs reporting-obligated persons under Argentina’s AML statute and gives the CNV authority to centralize adequate, precise and updated information in the PSAV registry. It also gives the CNV supervisory, regulatory, inspection, oversight and sanction powers over PSAVs under the Capital Markets Law framework.

• Registry scope: PSAVs must inform their activities to the CNV for inclusion in the registry.
• AML/CFT link: PSAVs are brought into Argentina’s Law No. 25,246 framework as obligated subjects.
• CNV mandate: the registry sits with the CNV, while UIF Resolution 49/2024 sets separate risk-based AML/CFT controls for registered PSAVs.

CNV General Resolution 994/2024, published on March 25, 2024, created the first registry mechanics. It required local and foreign covered providers to register before conducting PSAV activity and included an exception for persons whose aggregate activity did not exceed 35,000 purchasing-power units, or UVA, per calendar month. The resolution also stated that registration at that stage was for UIF and competent-authority control purposes and did not imply CNV licensing or CNV supervision over the activity itself.

RG 994/2024 also addressed foreign providers. A foreign provider could be captured where it used a .ar domain, had arrangements with local third parties to receive funds or assets from Argentine residents, clearly directed activity to Argentine residents, advertised to Argentina, or had a significant share of business volume connected to Argentina. Existing providers were given 45 days from the resolution’s entry into force to register.

CNV General Resolution 1058/2025 substantially expanded the regime. Published on March 14, 2025, it added a more detailed PSAV framework covering registration information, foreign-entity access, excluded activities, customer-protection duties, governance, technology controls, custody, transparency, third-party arrangements and sanctions. The CNV’s registry page identifies May 26, 2025 as the date from which registration and cancellation requests are processed through Argentina’s TAD remote-procedure system under RG 1058/2025.

RG 1058/2025 excludes several activities from PSAV registration, including personal own-account exchange, receiving or delivering virtual assets as payment for goods or services, decentralized protocols without an identifiable provider, and providers whose service is limited to exclusive self-custody wallets. For foreign legal entities, the resolution requires local corporate establishment or registration as a branch, seat or permanent representation before operating under the framework.

The 2025 rule also moves the registry toward an operational conduct regime. It addresses cybersecurity policies, wallet and private-key controls, cold storage, asset segregation, custody procedures, third-party agreements, customer disclosures, complaints channels, market-integrity controls, AML systems and restrictions on using client assets or fiat funds for the provider’s own account.

As of June 5, 2026, the combined framework should be described as in force and operational. The key live implementation layer is CNV RG 1058/2025, with transitional deadlines in 2025 and most Chapter III requirements becoming exigible for already registered PSAVs on Dec. 31, 2025.

For Crypto Laws taxonomy, this profile should be treated as an Argentina registration, AML/CFT and market-conduct regime. Editors should consider separate related profiles for UIF Resolution 49/2024, later CNV fee rules, and any CNV tokenization measures that apply to registered PSAVs but are distinct from the core registry framework.