Argentina is implementing new rules for legitimate crypto exchange activities. These efforts started on March 14, 2024, when the Argentine Senate moved forward with legislation to curb money laundering and terrorism financing. It includes a mandate for for creating a registry of "virtual asset service providers". Argentina's National Securities Commission (CNV) proclaimed that providers that are not registered will not be allowed to operate.

On March 25, CNV announced that crypto service providers must adhere to Financial Action Task Force (FATF) guidelines. As part of Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) law reforms, crypto businesses must now register with the Argentine government.

Upon Javier Milei's ascension to power in Argentina in December 2023, expectations were high for potential benefits to Bitcoin and cryptocurrency adoption due to his economic plans and pro-crypto views. However, regulatory measures have increased under his administration raising concerns about the future of digital assets in the country.