the measures of the UIF and the CNV to ensure that operations with virtual assets comply with the regulations for the prevention of financial crimes in Argentina:

Report on the Supervision of Virtual Assets by the UIF and the CNV

Introduction

In an effort to strengthen the prevention of financial crimes, Argentina's Financial Information Unit (UIF) and the National Securities Commission (CNV) have implemented new measures to monitor operations with virtual assets. These actions seek to ensure compliance with regulations to prevent money laundering, terrorist financing and other financial crimes.

Supervision and Regulations

First Cryptocurrency Exchange Supervision:

Within the framework of the "Annual Supervision Plan 2024", the UIF carried out its first supervision of a cryptocurrency exchange in Rosario. This action is part of an ongoing effort to monitor and regulate activities related to virtual assets.

Resolution 49/2024:

This resolution establishes specific requirements for virtual asset service providers, including the identification and mitigation of risks associated with money laundering, terrorist financing and the proliferation of weapons of mass destruction.

Law 27.739:

The law includes virtual asset service providers as subjects required to report to the UIF. These providers must register with the CNV and comply with the regulations established to prevent financial crimes.

Impact on Cryptocurrency Users

Transparency and Security:

The new regulations seek to increase transparency and security in transactions with virtual assets, protecting users and the financial system in general.

Mandatory Compliance:

Exchanges and other virtual asset service providers must comply with established regulations, which entails implementing internal control measures and submitting periodic reports to the FIU.

Conclusion

The measures adopted by the UIF and the CNV represent a significant step towards the regulation and supervision of operations with virtual assets in Argentina. These actions not only seek to prevent financial crimes, but also to foster a safer and more transparent environment for all participants in the cryptocurrency market.