Summary
The Argentine Securities Commission (CNV) has announced new cybersecurity regulations for Virtual Asset Service Providers (VASPs) as part of Law 27739. The aim is to bolster user protection, enhance information security, and manage personal data effectively. Key changes include stringent requirements for cybersecurity practices, transparency in system access, and accountability measures for compliance.
Key Points
- CNV has regulatory powers over VASPs for user protection and cybersecurity.
- New Resolution 1058/2025 outlines specific cybersecurity standards for VASPs.
- VASPs must allow CNV access to their computer system information.
- Annual audits of VASP systems are mandatory, conducted by qualified IT experts.
- Appointing a compliance officer is required for managing internal controls and regulatory obligations.
- Risk management practices must align with international standards.
Why should I read this?
If you’re involved in the crypto sector or have any interest in digital asset regulations, this article is a must-read! These new standards from Argentina could have wide-ranging implications for how cryptocurrency services operate, particularly in terms of security and compliance. Knowing these changes will help you stay ahead in this ever-evolving and complex landscape.