Crypto License in Argentina
How to get a crypto license in Argentina? LegalBison manages the whole registration process for you. All-in-one services with long-term support.
- Very popular framework
- Low price
- Simple AML compliance requirements
- Full set-up in less than 3 months
Legal experts in designing solutions for crypto licensing worldwide.
International economics expert with UK and US education in corporate finance, alumna of NYU Abu Dhabi.
Service packages for a VASP license in Argentina
LegalBison offers all-inclusive legal packages, for our clients to focus on business growth while we handle the legal side of their activity.
Legal experts in designing solutions for crypto licensing worldwide.
+44 20 4577 0974
International economics expert with UK and US education in corporate finance, alumna of NYU Abu Dhabi.
+372 53 42 2033
Everything needed to get started with a VASP company in Argentina.
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Company registration in Argentina
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Legal address registration
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Set of digital corporate documents
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VASP Registration Process
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AML Registration Process
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Assistance with hiring a Local Compliance Officer
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Assistance with hiring a Local Alternate Compliance Officer
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Local accounting services
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Corporate account opening assistance
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Physical set of corporate documents (apostilled/notarized)
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EU-based AML courses
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Legal web3 documents package for your website
All-in-one service package for immediate full-fledged compliance.
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Company registration in Argentina
-
Legal address registration
-
Set of digital corporate documents
-
VASP Registration Process
-
AML Registration Process
-
Assistance with hiring a Local Compliance Officer
-
Assistance with hiring a Local Alternate Compliance Officer
-
Local accounting services
-
Corporate account opening assistance
-
Physical set of corporate documents (apostilled/notarized)
-
EU-based AML courses
-
Legal web3 documents package for your website
Benefit from the full length of LegalBison’s expertise in Argentina.
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Company registration in Argentina
-
Legal address registration
-
Set of digital corporate documents
-
VASP Registration Process
-
AML Registration Process
-
Assistance with hiring a Local Compliance Officer
-
Assistance with hiring a Local Alternate Compliance Officer
-
Local accounting services
-
Corporate account opening assistance
-
Physical set of corporate documents (apostilled/notarized)
-
EU-based AML courses
-
Legal web3 documents package for your website
Testimonials and reviews from LegalBison's clients
Quick set-up and straightforward process. It was a smooth process, we are happy to have chosen LegalBison as our Partner for incorporations, globally.
LegalBison excels at adapting to challenges and demonstrates a perfect understanding of our business needs.
As a result of the fruitful cooperation with LegalBison, Yellow Card obtained a VASP registration, fast and without any legal complications.
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
I highly recommend Legal Bison to any entrepreneur or business seeking top-notch services for their company formation. Their commitment to excellence and customer satisfaction is truly commendable.
Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Argentina VASP Regulation – Pricing and Process
Argentina offers a fast set-up (2-3 months) to legally operate as a Virtual Asset Service Provider (VASP). The VASP regime in Argentina is also on the cheaper side of crypto licenses and imposes fair and reasonable compliance requirements.
Advantages of a crypto license in Argentina
The crypto license in Argentina offers, among other things, a relatively swift and painless entry to the Latin American market, which is one of the most bountiful and active sectors for crypto operations worldwide. The registration allows for the most widespread crypto-related activities, including exchanges, transfers, and custodial services.
Notably, the AML/CFT compliance requirements for VASP companies in Argentina are less stringent compared to other worldwide jurisdictions. Thanks to a fast compliance procedure, the whole company set-up and authorization can be conducted in under 3 months.
Main things to know about the Argentina Crypto License
The crypto license in Argentina was voted in March 2024 and entered into force in April of the same year. The framework is established with the simultaneous passing of the Resolución General 994/2024, defining what is a virtual asset service provider, and of the Ley 27739, appointing the National Securities Commission (NSC) as the VASP regulator and amending the existing AML law to add in VASPs to its application.
The main lines structuring the crypto framework in Argentina for businesses are the following:
- The necessity to properly register as a VASP to the National Securities Commission (NSC);
- The obligation to fulfill AML-KYC duties and reporting to the Financial Intelligence Unit (FIU).
In about a year of activity, the crypto license in Argentina has gathered more than a hundred authorized VASPs, making it one of the most successful and sought after in recent times.
Doing crypto business in Argentina? You may need a VASP license in Argentina
If you are a VASP operating from another jurisdiction, and a significant amount of your business is conducted in Argentina (targeting residents of the country), you may be liable to register with the National Securities Commission (NSC). A proxy for knowing if the NSC considers your activity in Argentina to be significant is that 20% or more of your turnover is generated in the country.
This means that the crypto framework in Argentina has territorial effect. Foreign VASPs are required to register in case of having an important volume of activity in the country. LegalBison can also assist with the additional registration for operating crypto companies operating in the Argentinian market.
Argentina VASP License: Process and Duration
The VASP licensing process in Argentina is straightforward, but requires correct preparation to work. An application file must be carried out to the Argentina National Securities Commission, including all the necessary elements in proper form.
Usually, the process entails the registration of a company in Argentina. LegalBison includes this step of the process in its offer, for a seamless registration with minimal hassle. Once the company is registered, the application is carried out for revision by the NSC.
As the registration as a virtual asset service provider is successful, the new crypto company in Argentina can undertake the opening of corporate accounts for its activity. LegalBison is also able to provide assistance on the matter of banking, as part of our services.
A complete set-up in Argentina takes approximately 2 to 3 months, provided that the applicant swiftly provides all the necessary documents and information.
Types and scope of crypto licenses in Argentina
It is important to specify, for the sake of legal accuracy, that the framework in Argentina is a VASP registration and not a license. This means that the process is simpler, as it implies a registration under condition instead of a full fledged licensing process.
The Ley 27739 defines a virtual asset service provider in Argentina as the provider of one of more of the following activities:
- Exchange between virtual assets and legal tender currencies;
- Exchange between one or more forms of virtual assets;
- Transfer of virtual assets;
- Custody and/or administration of virtual assets or instruments that allow control over them;
- Participation and provision of financial services related to the offer of an issuer and/or sale of a virtual asset.
This means that the VASP license in Argentina is only regulating a common subset of crypto activities.
All businesses willing to provide more sophisticated or innovative services are encouraged to discuss the feasibility of their project in Argentina with one of our legal experts.
Shelf VASP Companies in Argentina for Sale
Need to hit the market ASAP? Get your Argentina crypto license as fast as possible, by acquiring an existing registered entity.
We have a rolling stock of VASP licensed companies all over the world. Send an inquiry now to receive information about available entities and their associated price.
Virtual Asset Service Provider license in Argentina
If you are inquiring about how to get a crypto exchange license in Argentina, you should know that the following documents and information are required:
- Full corporate name;
- Articles of incorporation and certificate of incorporation;
- Personal information of the representative (name, document number and copy, DOB, nationality);
- Tax identification code;
- Address of registered office;
- Address where VASP Activity is carried out;
- Phone number and email;
- Profession (Main work activity);
- Website or username, for social media or other networks;
- Main business activities of the corporate entity.
- Regulation
- Registry
- Taxation
- Obligations
- Sanctions
- Governmental Statements
Who regulates crypto licensed companies in Argentina?
Until 2024, cryptocurrency activities were not regulated in Argentina. Leveraging observation and the experience of other jurisdictions, a framework was drawn with the Law 27739 and the General Resolution 994/2024.
The former sets a legal framework for crypto activities by calling the National Securities Commission as the regulatory body for virtual asset services providers (VASP).
The latter defines what is a VASP in Argentina and what are the criteria to be met for a company to participate. It also amends the Law 25246 of 2000 by adding VASPs are obligated entities under the AML compliance obligations.
These two texts define what are VASP activities and how to be authorized to perform them. In strict legal terms, the Argentinian framework is therefore a registration and not a license. In any case, the role of the regulation is to screen companies before giving them an authorization to act as a virtual asset service provider.
Is there a VASP registry in Argentina?
Yes. The registry of VASPs in Argentina is public and can be consulted online on this page.
The registry gathered more than a hundred companies in about a year of time, which in our experience, is a success for a crypto framework. Especially in a non-offshore jurisdiction.
How much is the crypto tax in Argentina?
Argentina is NOT an offshore jurisdiction. Despite its liberal economic governance, it is also not a low tax jurisdiction.
The corporate income tax applicable for FinTech businesses, including VASPs, is 35%.
Capital gains on cryptocurrency and other financial assets are taxed at the rate of 25%.
What are the obligations of a registered VASP in Argentina?
During the registration process, a VASP is not required by the National Securities Commission (NSC) to demonstrate its AML-KYC systems and procedures.
Every VASP licensed company in Argentina is expected to comply with the AML laws and regulations, and to report to the Financial Information Unit (UIF).
What are the sanctions for breaching the obligations of a crypto licensed company in Argentina?
A registered VASP in Argentina is required to report and comply with the AML laws. As such, the sanctions applicable are the ones described in the Chapter IV of the Law 25246.
Sanctions range from warnings and public exposure to fines and license cancellation. Legal entities and their executives can both be liable for infractions.
Fines are enforceable through judicial proceedings and accrue interest if unpaid. The UIF has mechanisms to enforce, appeal, and finance its operations using collected fines and seized assets.
Argentinian president Javier Milei doesn’t want to mix politics and cryptocurrency
Though commonly associated with El Salvador “crypto president” Nayib Bukele, the Argentinian president Javier Milei, famous for his economic stance, has stated in November 2024 that he advocated for the independence of crypto from the state.
This stance can be understood as a willingness to give economic freedom to users and participants of the cryptocurrency market. With the first crypto framework in Argentina being designed in March 2024, with significantly lighter requirements and paperworks than other jurisdictions, the Milei administration has factually incentivized cryptocurrency business in Argentina.
How to obtain a crypto license in Argentina
The process to get a crypto license in Argentina is one of the simplest, provided that all the steps are done properly. The complete set-up takes from 2 to 3 months and a half. The swiftness of the procedure is partly dependant on how fast the applicant can provide the few necessary elements to get the registration started.
Registration of a domestic Limited Liability Company to apply for the VASP license in Argentina.
Registration of the company as a Virtual Asset Service Provider to the National Securities Commission.
Once the company has secured an Argentina VASP license, it can apply for opening bank accounts for its operations.
Argentina VASP Registration: Need More Guidance?
What about talking to our legal experts – for free? Our consulting team is available to answer your questions, review your project and design the best possible solution for your vision and budget.
Reach out now – our team will get back to you within 24 business hours. No strings attached!
Alternatives to a VASP license in Argentina
If you are looking for a jurisdiction to register your crypto business, and Argentina doesn’t feel like the right one for you, have a look at the following tested-and-proven solutions.
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Fastest crypto license in Asia
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Very simple requirements
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Asian crypto license
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Low corporate tax
Crypto License in Anjouan
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Low requirements
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Recognized by banking institutions
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Fastest licensing process
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Lowest price in 2024
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Available ready-made companies
Crypto License in Costa Rica
from 2,350 USD-
Cheapeast crypto license
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Fast and easy incorporation
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Perfect for crypto gaming
About the Crypto License in Argentina
Starting from scratch, getting a crypto exchange license in Argentina requires first to have a clear understanding of the process. The complete Argentina VASP registration only takes a few step, but as for every legal matter, these steps must be assured. In general, the process of getting a crypto license in Argentina with the assistance of a legal partner such as LegalBison consists as forming a Limited Liability Company in Argentina, preparing all the necessary elements and then carrying out the application to the regulator, and then opening a corporate bank account for operations.
The Argentina VASP regime has three main advantages to show for. First, it is unexpensive in comparison to every other regulated jurisdictions. Second, it has very clear and simple compliance requirements, that do not necessite a massive investment in terms of legal work and personnel. Finally, Argentina is a popular country in the crypto sphere, as demonstrated by the more-than-hundred projects who decided to register there in less than a year.
Cryptocurrency businesses are subject to a light regulation in Argentina. They must register with the National Securities Commission to be authorized to operate, and then they must comply with the AML/KYC laws and report to the Financial Intelligence Unit.
Yes, it is possible to conduct an Initial Coin Offering with a VASP license in Argentina. Similarly, it is possible to issue NFTs from an Argentinian crypto company.
Only natural and legal persons having been registered as virtual asset services providers can perform crypto activities in Argentina. The process of registering as a VASP an easily be done in 1-2 months with the assistance of LegalBison’s Argentinian team.
Virtual Assets Services Providers in Argentina are subject to a 35% corporate income tax.
Start your crypto company in Argentina today
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No need to overpay or spend unnecessary time and energy: make sure you have an optimal solution for your needs and budget.
Leave a request now and we will get in touch as soon as possible.
Legal experts in designing solutions for crypto licensing worldwide.
International economics expert with UK and US education in corporate finance, alumna of NYU Abu Dhabi.