Argentina Allows Undeclared Cash to Enter Crypto Exchanges and Brokerages

Argentina's Securities and Exchange Commission (CNV) issued General Resolution No. 1108 allowing citizens to invest previously undeclared cash through cryptocurrency exchanges and other brokerages under the recently approved Fiscal Innocence Law. The funds can enter the local financial system via cash deposits to brokers or Virtual Asset Service Providers (VASPs), as well as virtual asset transactions to and from accounts at registered VASPs. CNV President Roberto E. Silva and Economy Minister Luis Caputo said the measure aims to channel excluded capital into investment markets and support the real economy, after years of currency controls and high inflation fostered widespread informality.