Latin America has emerged as one of the fastest growing regions for digital asset activity, with countries such as Brazil, Mexico and Argentina leading a wave of adoption. Analysts expect regional crypto transaction volumes to exceed 1.5 trillion USD by 2025, driven by strong local demand and the expansion of homegrown platforms like Mercado Bitcoin in Brazil, Bitso in Mexico and Ripio and SatoshiTango in Argentina. These companies have built efficient fiat gateways, remittance channels and payment integrations that support widespread use of virtual assets.

As usage expands, governments across the region are steadily introducing rules intended to protect consumers and maintain financial stability, while still encouraging technological growth. Recent developments include:

• Brazil’s introduction of the Brazilian Virtual Assets Law in 2022 to 2023, which created a formal licensing regime for Virtual Asset Service Providers and gave the Central Bank oversight of AML and CFT compliance. Additional guidance expected in late 2025 should further clarify licensing standards, cybersecurity expectations and risk disclosure obligations.
  • Argentina’s update of its VASP regulatory framework through CNV Resolution No. 1058/2025, focusing on transparency, capitalization standards and the mandatory appointment of a resident Compliance Officer.
  • Peru’s rule requiring VASPs to register with its Financial Intelligence Unit and comply with the FATF Travel Rule as well as robust AML and KYC obligations.
  • Panama and Costa Rica, which continue to permit market entry with comparatively minimal licensing hurdles as of mid 2025.
  • El Salvador’s decision in 2025 to withdraw Bitcoin’s legal tender designation while maintaining support for digital asset innovation.

Across the region, countries such as Paraguay and Nicaragua are also advancing regulations addressing exchanges, mining operations and related virtual asset activities.

Among these varied regulatory approaches, Argentina has distinguished itself by offering a mix of legal predictability, procedural professionalism and market accessibility. Its main advantages include:

• A structured and continually developing legal framework that reinforces market confidence and enhances user protection.
  • A strong and expanding digital asset market with enthusiastic retail participation and rising institutional involvement.
  • Policies aligned with global AML and CFT expectations, increasing opportunities for cross border cooperation and supporting banking relationships.
  • Oversight from a seasoned securities regulator, the CNV, whose established processes and clear timelines provide operational stability.

Together with a mature fintech sector and widespread use of crypto for payments and remittances, Argentina has become a dependable hub for launching and growing digital asset ventures.

Corporate Structure and Local Representation

To register as a VASP, applicants must form a local entity, either a Sociedad Anónima or a Sociedad de Responsabilidad Limitada. While a resident director is not mandatory, the company must appoint a local Compliance Officer or representative with responsibility for interacting with authorities and managing AML and KYC programs. This arrangement allows international firms to maintain global leadership while still fulfilling domestic presence requirements.

Key Requirements for Registration

Before applying to the CNV, companies must meet several prerequisites:

• Formation of a local corporation or registration of a foreign branch.
  • Designation of a resident Compliance Officer.
  • Submission of a thorough application package, including corporate records, AML and KYC manuals, internal control frameworks, audited financial statements meeting minimum net worth thresholds between USD 35,000 and 150,000 depending on the business model, plus evidence of a local address.
  • Proof of adequate systems for asset protection, cybersecurity and annual audit procedures.

Implementation Timelines

The process typically unfolds as follows:

• Forming the local entity usually takes two to four weeks, including tax registration and corporate governance formalities.
  • Preparing the CNV submission often requires four to eight weeks to develop policies, controls and required certifications.
  • CNV evaluation generally spans two to four months, during which the regulator may request clarifications before issuing final approval.

Authorized Services Under an Argentine VASP License

Once approved, VASPs can engage in a wide range of digital asset operations, provided they remain compliant with CNV rules, UIF financial crime standards and consumer protection requirements. Permitted services include:

• Exchange between virtual assets and fiat currencies, including order books, brokerage desks, matching engines and P2P platforms.
  • Virtual asset to virtual asset conversions, including market making and liquidity provision.
  • Execution of transfers for customers, including cross border transactions in line with the FATF Travel Rule.
  • Custody of digital assets or instruments enabling control over them, such as private key management, custodial wallets and institutional grade storage options.
  • Ancillary financial services linked to virtual assets, including brokerage, clearing, settlement and investment related offerings that meet CNV and UIF rules.

Final Evaluation

Securing VASP registration in Argentina offers a strategic edge for any business aiming to operate in the Latin American digital asset industry. The framework is transparent, cost effective and built to support innovation while maintaining strong compliance oversight. Reasonable capitalization rules, clearly defined procedures and a predictable regulatory environment enable companies to enter the market efficiently without sacrificing governance standards.

Licensed VASPs in Argentina gain enhanced credibility, increased access to a large and growing user base and a stronger position when engaging with banks and institutional partners. Compared with other regional markets, Argentina provides a balanced mix of regulatory certainty and commercial flexibility, making it a strong foundation for long term expansion. Whether creating a new structure or purchasing an existing licensed entity, firms can significantly shorten launch timelines and reduce compliance risk by working with advisors experienced in Argentine regulations.

For tailored guidance on the most suitable licensing route and jurisdiction for your crypto business, reach out to our team of international regulatory specialists. We can help you achieve your goals with clarity, efficiency and confidence.

Why Choose Clearsky Network?

When securing your Crypto license, Clearsky Network stands out due to its extensive experience and deep understanding of the Blockchain and Crypto regulations, ensuring a smooth licensing process. Beyond securing the license, Clearsky Network offers ongoing legal and regulatory support, communication management with local regulators, and other essential services to help grow your business.

Clearsky Network also provides a broad range of operational support, including opening and maintaining bank accounts, payment processing solutions, technology connections, and strategic consultations. Their industry experience and network make them an invaluable partner for businesses looking to establish and expand their operations under their Crypto license.