Argentina's crypto service providers face revised monthly reporting instructions from November 1, including rules for counting customers, separating trading volumes and recording assets held in custody. The country's securities regulator, the Comisión Nacional de Valores (CNV), has also set out procedures for changing registered activities and protecting customer balances when a provider leaves its register.
The changes are contained in General Resolution 1172/2026, adopted on October 14 and published in the official gazette on October 15. The resolution took effect the following day, but its revised periodic-reporting provisions apply from November 1. That later date concerns reporting, not the start of Argentina's existing crypto-provider registration system.
In its October 14 announcement, the CNV described a reorganisation based on experience with the existing regime. It said the reporting instructions were intended to make submissions more uniform and comparable. The detailed requirements apply to registered virtual-asset service providers, known locally as PSAVs, according to their activities.
What the monthly return must show
The reporting package has three blocks: a form covering customer numbers and total monthly business, a text file detailing traded assets, and a separate text file for custody holdings. Returns go through the CNV's AIF information system within 15 calendar days after each month's end. The instructions distinguish trading activity during the month from assets remaining in custody at its close.
Customer counts must separate individuals from legal entities and count unique active customers rather than every account. An active customer is one who has made at least one transaction or held virtual assets during the preceding 12 months. Closed accounts and duplicate accounts belonging to the same holder are excluded; each joint account holder is counted separately.
Total monthly trading volume is a gross figure expressed in thousands of US dollars. Providers cannot deduct commissions, spreads, discounts or network costs, or offset purchases against sales. Each transaction is counted once for this total. The return separates spot transactions from other virtual-asset contracts, including perpetual contracts, for which it records notional value.
Some movements do not belong in that business-volume figure. The annex excludes transfers between accounts or wallets belonging to the same holder, internal wallet rebalancing, the provider's own-account activity and dealings with related entities that do not follow a customer order. Cancelled or reversed transactions are also excluded.
The asset-detail file uses a different method for crypto-to-crypto exchanges. Both the asset delivered and the asset received must be recorded, then aggregated by asset for the month. At least the ten most-traded virtual assets must be reported. Consequently, adding those asset-level figures does not necessarily reproduce the single-count total in the main form.
Custody reporting covers every virtual asset held at the month-end, with a separate record for each asset and blockchain network. It includes native-unit quantities and dollar valuations. The cut-off is 23:59 Argentina time, UTC minus three, on the last day of the reporting period. The balances must be reconcilable with the provider's internal and accounting records.
An active registered provider still has to report when it has no transactions or custody balances. The instructions require zero reporting. Each relevant no-data file must retain a single line with the reporting period or closing date and the provider’s tax ID, leaving the remaining fields empty. A company that has not yet begun operating must instead disclose that position through the designated material-event form, then report its start and begin monthly returns.
Changing services or leaving the register
A provider changing its registered activity categories must first notify the CNV's registration office and submit evidence through AIF that it meets the relevant requirements. After those requirements have been fulfilled and the provider notified, it must disclose the change as a material event. The disclosure identifies the corporate decision, its date and the body that approved it.
The provider must also update the form listing all its registered categories. A change of legal name requires a separate AIF submission supported by proof that the name change has been entered in the relevant public register. The CNV can request additional documentation for either process.
Before asking to cancel its registration voluntarily, a provider must have given customers at least 30 calendar days' advance notice of the cessation of activities. It must arrange mechanisms for withdrawing or transferring their balances and communicate with customers periodically during that notice period. The cancellation application includes a sworn statement confirming that activities have ceased and the exit measures have been completed.
Capital clarifications enter the rulebook
The resolution also incorporates earlier interpretative criteria into the formal rules, rather than presenting every capital condition as a new requirement. Share capital must be fully paid and registered. Irrevocable contributions received while a provider remains registered must be capitalised within six months of their acceptance by its governing body.
Related compliance coverage: Dalimss News has reported on Brazil's October 30 crypto-provider filing deadline and Ireland's planned crypto white-paper notification portal. These are separate national processes, not requirements created by Argentina's resolution.
Source credit: Original English reporting adapted by Dalimss News from CNV Resolution 1172/2026 and its October 14 announcement on Argentina.gob.ar, licensed under Creative Commons Attribution 4.0.
