#cryptonews
Argentina’s top financial regulator is “changing its stance on Bitcoin (BTC),” a report has claimed, after the National Securities Commission (CNV) attended a local crypto-themed summit.
They say the regulator once favored cracking down on the BTC and crypto industry. But now it seems ready to “boost” the sector, they added.
Gonzalo Chiarullo, the Director-General of Investment Promotion and Foreign Trade at the Buenos Aires City Government, moderated the conference.
The experts spoke in the wake of the Tech Forum. This high-profile crypto industry event was held in the capital Buenos Aires on October 19.
“Indeed, the fact that the CNV is here is already a revolutionary step. We are attending all such similar events. […] That gives you the indication – the proof – that we are in favor of innovation and technology.”
Alejandro Rodríguez Ariola, a CNV lawyer from the Department of Inspections and Investigations, attended the conference. He responded, saying:
The CNV is determined to make Argentina’s crypto sector Financial Action Task Force (FATF)-compliant.
Rodríguez Ariola added that further evidence of this shifting stance could be seen in the fact that the CNV has asked the industry for its feedback on proposals for a forthcoming registry of virtual asset service providers.