Two of Argentina’s major regulators are beginning to take firm steps organize the digital economy industrywith a special focus on cryptocurrencies.

angOn the one hand, presented by the National Securities Commission (CNV) a “innovation hub”, a space in which he hopes to deliver the guidelines for the sector between innovative fintech projects and the capital market.

angMeanwhile, the Federal Administration of Public Revenues (AFIP) presented its goals for 2025 and made a special focus on tax control of digital assets over the next three years.

The digital economy is growing fast: according to a report by Coelsa (the clearinghouse behind most digital payments) there are already almost as many bank accounts, associated with a CBU, as there are virtual wallets, linked to a CVU.

At the same time, the adoption of cryptocurrencies is on the rise: according to a study by Americas Market Intelligence (AMI) 12% of Argentines have already bought some type of crypto asset.

With this in mind, and in the face of “risks ”that appear to be associated with cases of fraud, scams and false advertisingat CNV has worked in recent months to showcase this Innovation Hub.

“We are proactive within the framework of the disruption of crypto and fintech assets, to work with the sector and to develop a regulatory framework and policies in this regard ”, said Adrián Cosentino, head of the presentation organization.

The initiative is part of the line of work of CNV’s fintech table. The hub will also be comprised of a Technical Committee and the Agency’s Board of Directors.

In addition, “you can create a consulting committeeto be composed of external entities and/or persons who, in the opinion of the organization, may be involved in contributing to the success of the initiative and evaluation of the projects, ”they said.

Among the rationales for creating this collaborative space, CNV explained that entities are able to communicate with the body how to get acquainted legal and regulatory requirements and, in this way, reduce the time required for financial changes to reach the market and adapt to the regulatory framework, through cooperation and mutual understanding.

At the same time, the body headed by Cosentino announced that next year there will be sandbox (controlled trial) regulation. And that in the coming months it will show a great training guide to tighten advertising controls on crypto investment.

“We are actively working to prevent and investigate these cases, which are detrimental to investors and the ecosystem, so we are working with other agencies that can complement our legal powers to intervene,” the head of CNV about fraud cases related to fraudulent advertising.

AFIP control

Almost simultaneously, AFIP releases list of goals for 2025, where it focuses on two main economic sectors for Argentina: the barn activity and the digital economy.

In a 140-page memo, the body led by Mercedes Marcó del Pont explained that these measures are aimed at “avoid possible maneuvers of evasion, evasion and aggressive tax planning”.

“The digital economy requires continuous regulatory adaptation, the integration of new technologies, the development of teams of experts, greater international cooperation and the development of new strategies that enable better controls by increasing automated inspections and the identification of new business models “, justified AFIP.

Ang road map these proposals predict that this year “integrated policies on external organisms” will be designed and “control actions on non -compliant subjects “.

angIn 2023, the agency will deal with a exchange of financial information with cryptocurrenciesin accordance with the provisions of the Tax Compliance Law for Overseas Accounts.

The plan ends in three years, with the implementation of a computer tool for electronic control over the exchange of cryptocurrency information

NE