The anti-money laundering regulator in the country is working to include cryptocurrency firms and exchanges that operate on Argentinian soil as entities that will need to report transactions.
The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose might be ready for approval this year, according to local media. This could be the consequence of the recent requirement approved in the deal the country made with the International Monetary Fund .The Argentinian money laundering watchdog is taking cryptocurrency transactions seriously.
to include cryptocurrency firms and exchanges that operate on Argentinian soil as entities that will have to report to the local authority, according to local media.The regulation is expected to be ready for publication this year, meaning that crypto firms will have to create anti-money laundering plans and report suspicious transactions to the aforementioned organization to comply with the upcoming measures.
the nation to “discourage the use of cryptocurrencies in prevention of money laundering and informality.”Among these key figures is Ignacio Carballo, who is the director of UCA, a fintech and digital baking firm, who criticizes the effect these measures and calls might have on local exchanges. On the subject, he
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