Is Crypto Legal in Argentina?

The Travel Rule is fully live and enforced as a core PSAV compliance requirement, aligning with FATF standards.

Key timeline: Law 27.739 (March 2024) defined PSAVs; phased CNV registration in 2025; full enforceability of AML/CFT and Travel Rule obligations on 31 December 2025; first compliance audit cycle from 1 January 2026.

CNV Resolution 1058/2025 (March 2025) mandated VASP registration with staggered deadlines: individuals by 1 July 2025, Argentine entities by 1 August 2025, foreign entities by 1 September 2025.

FATF globally recommends ~$1,000/€1,000, but jurisdictions vary or apply to all transactions; Argentina's strict framework implies broad coverage, including systematic reporting for higher-value activity, without a stated cutoff.

Applies to registered PSAVs (domestic and foreign VASPs operating in or targeting Argentina users), post-mandatory CNV registration.

Unregistered platforms face higher risks and lack oversight; traditional banks can offer crypto services from April 2026 under supervision.

Strict on unhosted wallets and inbound cross-border transfers.

VASPs must collect, transmit, and retain originator/beneficiary information for in-scope crypto-asset transfers.

Includes KYC, risk assessments, suspicious activity monitoring, and AML/CFT standards; enhanced data sharing for Travel Rule-compliant transactions, even on international exchanges.

Systematic reporting for higher-value activity; first annual audits from January 2026.

No specific protocols (e.g., interoperability standards) detailed; aligns with FATF Recommendation 16 but faces global challenges like fragmented tech solutions.

Rates: 5-15%, depending on declaration timing, currency (ARS vs. foreign), and year (e.g., 5% for pre-March 2024 declarations; 15% in 2025).

Calculation: Sale proceeds (in ARS at market value) minus cost basis and expenses; losses offset same-year gains and carry forward up to 5 years.

Crypto-to-crypto trades and DeFi disposals count as taxable events.

Valued at ARS market rate on receipt; treated under Impuesto a las Ganancias (Ley 20.628).

February 2024 policy ended taxes on mere crypto ownership, but gains remain taxable above thresholds.

Individuals: Declare crypto gains/holdings on Ganancias (income/CGT) and Bienes Personales forms; file income tax returns April-June following the fiscal year. Keep full transaction records.

Businesses/VASPs: Register with Comisión Nacional de Valores (CNV) per Law 27.739 (2024); comply with AML/CFT (FATF-aligned). Declare under asset regularization (blanqueo, Law 27.743).

Worldwide income applies to Argentine residents; penalties for non-declaration include fines, interest, and potential criminal prosecution. DAC8 (effective 2026) does not apply to Argentina as a non-EU jurisdiction.

AFIP Ruling 2/2022: Classifies crypto as digital assets under Personal Property Tax framework.

Law of Foundations and Initial Measures for Argentinian Liberty (2024): Treats crypto as intangible property.

Law 27.739 (2024): VASP registration and AML/CFT rules (CNV oversight).

Law 27.743: Mandatory crypto declaration for tax/regularization.

Impuesto a las Ganancias (Ley 20.628): Covers CGT/income.

Official AFIP site: https://www.afip.gob.ar (general guidance; check for updates).

CNV site: https://www.cnv.gov.ar (VASP registration).

The Comisión Nacional de Valores (CNV) is the Argentine securities regulator and operates under the authority of the Ley de Mercado de Capitales (Capital Markets Law No. 26,831), which was enacted in 2012 and remains the primary legal instrument governing securities offerings and trading in Argentina. Argentina, nuestro país | Argentina.gob.ar

The CNV's official website is argentina.gob.ar/cnv, and the regulator has formally codified its authority over digital assets through CNV General Resolution No. 1025 (2024), which establishes a comprehensive regulatory framework specifically for Virtual Asset Service Providers (VASPs), including exchanges and custodians operating in Argentina.

The Unidad de Información Financiera (UIF), operating under the Ministerio de Justicia y Derechos Humanos, is the designated Financial Intelligence Unit responsible for AML/CFT oversight in Argentina and has issued UIF Resolution 49/2021 (successor to Resolution 30/2017), which specifically addresses virtual asset transactions and extends AML obligations to VASPs.

Argentina is a member of the Financial Action Task Force (FATF) and underwent its most recent mutual evaluation in 2019 (FATF MER 2019), with the FATF's 2023 updated recommendations on virtual assets and virtual asset service providers creating international pressure that culminated in the issuance of CNV Resolution 1025. Argentina, nuestro país | Argentina.gob.ar

The Banco Central de la República Argentina (BCRA) has issued Communication A7779 (2022) and subsequent directives prohibiting financial institutions from providing services to crypto exchanges and from holding crypto assets on their own account, focusing on banking sector conduct rather than creating a comprehensive digital asset regulatory framework.

The Administración Federal de Ingresos Públicos (AFIP) serves as Argentina's tax authority and has issued General Resolution 4614/2019 and General Resolution 4850/2021 on taxpayer declarations of virtual asset holdings, indicating the government's awareness of crypto activities for fiscal purposes.

Argentina has not enacted a dedicated "crypto law" or virtual asset act passed by the legislature, but CNV Resolution 1025 (2024) provides the primary administrative regulatory framework for VASPs, consolidating the CNV's authority over digital asset service providers into a single codified instrument.

Argentina's international standing on AML matters is monitored through FATF's mutual evaluation process, and the country's progress in implementing virtual asset regulation has been noted in FATF's follow-up reports on technical compliance, including the 2019 Mutual Evaluation Report and subsequent enhanced follow-up reports.

The CNV has issued various general resolutions and communications addressing initial coin offerings and digital asset offerings, but the issuance of Resolution 1025 in 2024 now provides a comprehensive regulatory regime that supersedes earlier piecemeal administrative interpretations.

Argentina, nuestro país | Argentina.gob.ar

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