Argentina's Monthly Reporting Duty for Registered Crypto Providers Starts

Virtual asset service providers (PSAVs) registered with Argentina's securities regulator, the Comisión Nacional de Valores (CNV), must report their client numbers, trading volumes, most-traded assets and custodied assets to the regulator every month under a standard format that applies from 1 November 2026. The obligation comes from CNV General Resolution 1172/2026, dated 14 October 2026 and published in the Boletín Oficial on 15 October, which rewrote the CNV's rulebook for crypto providers and took effect the day after publication.

Each monthly report is due within 15 calendar days of the end of the month it covers and is filed through the CNV's online filing system (AIF) using form PSAV_014, now renamed "Monthly Report: Clients, Operations and Custody". Registered providers that are active must file even in a month with no trades and no assets in custody, reporting zeros.

What Providers Must Report Each Month

Article 40(b) of the PSAV chapter of the CNV Rules lists four items, and a new Annex I sets out how each must be calculated. The first is the number of clients, split into natural persons and legal entities. Only unique clients with an active account on the last day of the month count, meaning holders who made at least one transaction or held virtual assets in the previous 12 months. Closed accounts and duplicate accounts of the same holder are excluded, and each co-holder of a joint account counts as a client.

The second item is the gross monthly volume traded for clients, in thousands of US dollars. Fees, spreads, discounts and network costs may not be deducted, purchases may not be netted against sales, and each transaction is counted once (single-sided). Spot trades in fiat-to-crypto, crypto-to-fiat and crypto-to-crypto pairs are included, as are contracts on virtual assets such as perpetual contracts, which are reported at notional value. Providers report total volume, spot volume and other-contract volume separately. Own-account trading, including treasury, arbitrage and proprietary market making, transfers between accounts of the same holder, internal wallet movements and cancelled or reversed trades are excluded.

The third item is the detail of at least the ten most-traded virtual assets of the month, by US dollar amount, with quantities. Here crypto-to-crypto trades are split into both legs, so a BTC-for-USDT trade appears in the BTC line and the USDT line, and legs settled in Argentine pesos must also be reported in thousands of pesos. The fourth item is the total of each virtual asset held in custody on the last day of the month, per asset and blockchain network, in native units and valued in thousands of US dollars at the period's closing price, with a cut-off of 23:59 Argentine time. Where custodied assets have been placed in a yield protocol, providers report the receipt tokens instead, to avoid double counting.

The trading and custody data are sent as semicolon-separated text files named OPERADO_CUIT_YYYYMM.txt and CUSTODIA_CUIT_YYYYMM.txt. Amounts in pesos or other fiat currencies are converted at the exchange rate on the transaction date, and assets with no direct US dollar price are converted through USDT or USDC at a 1:1 parity.

Argentina Rewrites Its PSAV Rulebook

The reporting duty is one part of a wider rewrite. Resolution 1172 replaces the whole of Chapter III of Title XIV of the CNV Rules, the chapter that holds the PSAV regime created by General Resolution 994 of 2024 and expanded by General Resolution 1058 of 2025. The CNV says it drew on experience under Resolution 1058 and aimed for clearer, simpler rules.

The new text sets a procedure for registered providers that want to add activity categories or change their corporate name, and conditions for cancelling a registration or ceasing a category, including prior notice to clients and measures for remaining client balances. It moves into the rules the CNV's Interpretative Criteria 95, 96 and 97 on local companies and branches of foreign firms, minimum equity and capital contributions, and corporate purpose, and repeals those criteria. It also adds defined terms to the CNV Rules for ARS, BTC, USD, USDC (the dollar stablecoin issued by Circle) and USDT (the dollar stablecoin issued by Tether).

The core registration rules stay in place. Anyone not on the PSAV register must refrain from providing virtual asset services in Argentina, and a foreign company is treated as operating in the country, and must register, if it uses an ".ar" domain or has local arrangements to receive funds from Argentine residents, among other connecting factors. The other periodic duties in Article 40 also remain: keeping custody wallet addresses up to date with the CNV and filing an annual systems audit report and an annual compliance officer report within 70 days of the end of each calendar year.

Who Is Affected and What Comes Next

The monthly duty applies to every active provider on the CNV's PSAV register, including the local companies and branches through which foreign exchanges are registered. A registered provider that has not yet started operating must say so in a relevant-fact filing on form PSAV_015 and begin monthly PSAV_014 reports once it starts. Under Article 41, failure to meet the chapter's requirements can lead to sanctions under the Capital Markets Law, applied through Article 37 of Law 27,739.

The resolution states that the monthly information applies from 1 November 2026 but does not say expressly which month is the first to be reported. Data for November 2026 would be due by 15 December 2026.