According to online reports, Argentina's National Securities Commission (CNV) formally approved General Resolution 1058, establishing final regulatory guidelines for virtual asset service providers (VASPs). The new regulations cover aspects such as registration obligations, cybersecurity, asset custody, anti-money laundering measures and risk disclosure, and aim to ensure the transparency, stability and user protection of the encryption ecosystem. Under the new rules, VASP must ensure that company and client funds are separated, conduct annual audits regularly, and submit monthly reports to CNV. In addition, unregistered businesses or those who violate regulations may face registration revocation or court lockdown. In terms of compliance periods, registered individual service providers need to complete adjustments before July 1, locally registered companies need to comply before August 1, and overseas companies need to meet the new requirements before September 1. CNV Chairman Roberto E. "Those who fail to comply on time will not be allowed to operate in Argentina," Silva said.