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Crypto License in Argentina
Argentina requires covered virtual asset service providers (PSAVs) to register with the National Securities Commission (CNV) before operating.
Service Snapshot
- Registration CNV PSAV registration
- Applicants Five categories, foreign routes determined by local connections
- Resources and Reporting Net worth, CNV reporting and Financial Information Unit (UIF) duties
- Current Rules RG 1172 applies. Monthly reporting starts in November
Is This the Right Fit for Your Business?
May not fit
- Trading for yourself
- Payments for your own goods
- User-controlled self-custody tools
- Protocols without a controlling provider
Choose the Applicant and Filing Route
| Applicant | Argentine Connection | Route and Legal Form | Limitation |
| Local entity | Covered local services | Corporation (SA) or limited liability company (SRL) | Individual threshold does not apply |
| Foreign provider | Any qualifying Argentine connection | Article 118 branch or permanent representation | Check each connection |
| Foreign group through local entity | Local registrant serves clients | Article 123 shareholding differs from an Article 118 branch | Parent exclusion is conditional |
| Resident individual | Over 35,000 UVA per calendar month | Individual registration | Categories 1–2 only |
UVA is Argentina’s inflation-indexed unit, used to calculate the registration threshold for resident individuals. Different rules apply to foreign companies.
Under Article 4 of the CNV’s PSAV rules, foreign companies must register if they meet any of these conditions:
- use a .ar domain for covered activities
- have agreements to collect funds locally from Argentine residents
- clearly target Argentine residents
- advertise directly to Argentine residents (this condition does not apply when the client makes contact entirely on their own initiative)
- generate over 20% of their covered business volume in Argentina
Article 4 defines the local connections that bring foreign providers within Argentina’s registration requirements.
A foreign company holding an interest in an Argentine PSAV, directly or through its group, may qualify for the intragroup exemption. It must have no direct contracts with Argentine clients and meet none of the conditions above.
Match Activities to PSAV Categories
Categories determine net worth:
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Category 1: exchange between virtual assets and government-issued money.
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Category 2: exchange between virtual assets.
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Category 3: transfer of virtual assets.
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Category 4: custody or administration, excluding exclusive user control.
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Category 5: financial services around an issuer’s offer or sale, excluding issuance alone.
Individuals may use only Categories 1–2. Categories 3–5 require a corporate applicant.
Our expertise
What Does Gofaizen & Sherle Handle?
Gofaizen & Sherle’s general services include assessing activities, structuring entities, developing compliance frameworks and agreed ongoing support.
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Gofaizen & Sherle prepares documents using information you provide.
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You and Argentine corporate and accounting specialists document ownership and net worth.
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While you set up internal controls, Gofaizen & Sherle coordinates required IT audits and helps respond to CNV inquiries throughout the registration process.
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Gofaizen & Sherle helps you answer regulatory questions within the agreed scope. CNV decides registration. UIF oversees anti-money laundering and counter-terrorist financing obligations.
Work and Costs
| Cost | Work or Payment | What to Confirm |
| Professional fee | Assessment, corporate and filing documents, compliance work | Individually quoted work and exclusions |
| Official charges | 2026 annual CNV supervision levy | ARS 13,360,000 for companies, ARS 5,344,000 for individuals |
| Third-party costs | Local corporate, accounting, translation, IT and audit work | Itemize in quote |
| Ongoing operations | Staffing, controls and reporting | Operating costs |
| Net worth | Business financial resources | Not a fee |
New registrants pay the annual levy within five business days after registration. It is not an application fee.
Steps to Registration
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You and Gofaizen & Sherle review your planned activities and identify the appropriate registration route.
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You and local specialists complete the corporate steps required for the chosen applicant structure.
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You, an accountant, and an IT professional prepare documents showing your financial resources and internal controls.
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You submit the application with the required documents.
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You and Gofaizen & Sherle respond to CNV requests and make any required corrections.
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CNV completes its review and decides whether to register you as a PSAV.
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You implement compliance procedures, arrange banking services, and obtain any additional approvals required for your activities.
Documents to Prepare
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Provide corporate records identifying owners, ultimate beneficial owners and managers.
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Describe activities, customer markets and turnover to determine applicable rules.
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Individuals need an independent accountant’s certified assets-and-liabilities statement. Companies need audited financial statements. If your audited financial statements are more than eight months old at the time of final submission, an independent certified public accountant must confirm your figures. In this case, your certified net worth statement must be dated within two months prior to filing.
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IT, custody, outsourcing, client-asset and anti-money-laundering (AML) records demonstrate operational controls.
Why Gofaizen & Sherle?
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Project assessment
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Structuring & Classification
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Documentation
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Implementation support
Registration Timeline
Preparation timelines depend on documentation readiness and specialist inputs, while review schedules remain at the CNV’s discretion. Submitting an application does not confer operating rights, and unresolved regulatory requests keep the file pending.
The Regulatory Framework
Law 27,739 establishes CNV’s PSAV powers within the framework of Law 25,246. UIF sets anti-money-laundering and counter-terrorist-financing rules under Resolution 49/2024. Securities and central-bank rules remain separate.
What Changed Under RG 1172?
| CNV Event | Date | Practical Consequence |
| RG 1172 Published | 15 October 2026 | Enacts the updated PSAV supervisory framework. |
| Current Framework Enacted | 16 October 2026 | Establishes current net worth thresholds and custody safeguards. |
| Monthly reporting start date | 1 November 2026 | Start date for the monthly reporting regime, not the first filing deadline. |
What Must a Registered PSAV Maintain?
| Categories | Minimum Net Worth |
|---|---|
| 1, 2, 4 | $150,000 |
| 3 | $75,000 |
| 5 | $35,000 |
Categories 1–3 receive a 50% reduction when transaction volume over the preceding 12 months is strictly below USD 2.5 million. Category 4 uses custody volume. Category 5 has no reduction. Multiple categories use the highest applicable requirement.
CNV continuously
Maintain resources, follow conduct rules and apply required client-asset controls. Category 4 requires custody safeguards and proof of reserves. Client assets cannot fund the provider’s own activity.
CNV annually
Submit the annual audit, signed by an IT specialist experienced in systems and virtual asset security, and the regulatory officer’s report within 70 calendar days after calendar year-end.
Records
Keep relevant CNV records for at least ten years. UIF retention periods run from the applicable transaction or client-relationship event.
CNV monthly
PSAV_014 is the monthly CNV report covering clients, transactions, and cryptoassets held in custody. Operating providers must submit it within 15 calendar days after month-end, even with zero activity. Registered providers that have not started operating instead submit PSAV_015, a notification confirming that status.
UIF
Maintain risk-based controls against money laundering, terrorist and proliferation financing, customer and beneficial-owner checks, monitoring and separate monthly, systematic and annual reports. The annual risk assessment and external review are separate from the IT audit. Article 37 addresses sender and recipient information under the Travel Rule.
Risks of Operating Without Registration
Covered unregistered activity is prohibited. CNV may enforce the rules and ask courts or prosecutors to block URLs or social media for possible unlawful activity. Misleading registration claims and advertising are prohibited. AML sanctions also apply.
Preparing for Bank Review
Registration does not guarantee a bank or payment account. Central bank (BCRA) restrictions on banks’ and payment-account providers’ crypto services still apply. They do not generally prohibit PSAV accounts.
For the provider’s review, prepare regulatory documents, ownership and source-of-funds information, expected flows of traditional money and client-money controls. Banking assistance requires agreement.
Business Taxes to Review
Argentina’s national tax agency, ARCA (Agencia de Recaudación y Control Aduanero, which replaced AFIP), applies distinct tax treatments to corporate entities and individual operators. Corporate net taxable income is subject to progressive rates of up to 35% under Article 73 of the Income Tax Law. Depending on your operational flow, you should also evaluate the potential application of Value Added Tax (VAT) and the tax on bank debits and credits. Note that the temporary asset-regularization tax regime introduced for 2024–2025 is now closed to new declarations.
Compare Argentina With Other Routes
| Country or Region | Legal Output | Capital or Resources | Access and Limitation |
| Argentina | Registration | Category amounts above | Argentina, with separate banking and securities permissions |
| Panama | Separate legal assessment required | Determine for the model | Regulator, permission and market access require assessment. Incorporation does not establish crypto authorization |
| El Salvador | Registration certificate and operating authorization | Financial suitability assessed by service model | Domicile or active marketing triggers the rules. Foreign applicants need a local SA or branch. Payment and issuer permissions are separate |
| European Union | Service-specific authorization under MiCA, the EU crypto-asset regime | Greater of service-based EUR 50,000/125,000/150,000 (MiCA Annex IV) and 25% prior-year fixed overheads. First-year projections. Own funds, insurance or guarantee | Union services after cross-border notification. Article 60’s financial-entity route differs |
| Montana | FinCEN registration for covered money services businesses (MSBs), subject to exemptions. Not a crypto license | Assess resource requirements for any additional licenses | Montana does not regulate money transmitters. Other activities may require Montana licenses. FinCEN registration does not grant nationwide operating permission |
Official Sources
- Law 27,739 • Legal basis for PSAV registration.
- CNV RG 1172/2026 • Registration, capital, custody, and reporting rules.
- UIF Resolution 49/2024 • Anti-money laundering requirements.
- CNV PSAV Register • Search for registered providers.
- BCRA Cryptoasset Rules • Crypto restrictions for banks and payment providers.
- ARCA Cryptoasset Income Tax • Income tax on cryptoasset sales.
Frequently Asked Questions
Is the official route a license or registration?
CNV PSAV registration is required before covered services begin.
Can several categories apply together?
Yes. Use the highest applicable net-worth requirement for all covered services, without adding amounts.
Do the rules cover foreign providers with few local customers?
Yes. Another qualifying connection can trigger the rules even below the business-volume threshold.
Must a PSAV report when it has no activity?
Yes. Operating providers must file Form PSAV_014 within 15 calendar days after month-end even with zero transaction volume. Registered entities that have not yet launched commercial operations file Form PSAV_015.
Does CNV registration replace UIF duties?
No. UIF financial-crime controls and reports remain separate from CNV supervision.
Does registration mean a bank has approved the business?
No. Each provider decides whether to accept the business.
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