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Crypto Regs Are Coming: Argentina’s New Rules Will Crank Up the Scam-Machine to 11 and You’ll Be Left Holding the Bag

A  illustration depicting an Argentine flag being wrapped around a chain with padlocks and bars on it, while money bags are flying away in the background, symbolizing the potential for scams and financial loss due to unregulated crypto operations.

The ‘Regulation is Coming’ Party Has Officially Started in Argentina (and So Should Yours) – Cryptocurrency industry members are getting nervous as the Argentine government drafts new regulations that will make it harder for crypto scammers to operate, but let’s be real, this won’t stop them from trying anyway. A draft has been released by the CNV which proposes restrictions on operating institutions in the country and if approved, each institution would need a minimum capital amount of nearly $173k to even breathe – talk about an entry fee for those wannabe crypto moguls.

Source: bitcoin.com

Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil. Argentina is innovating its cryptocurrency framework to better protect crypto users. The Argentine securities regulator (CNV) recently announced a public consultation of a draft to regulate the […]

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