Overview
- Argentina’s securities regulator issued General Resolution 1108 allowing broker‑dealers (ALyCs) and registered crypto service providers (PSAVs) to receive cash dollars, securities and crypto from clients who opt into the Simplified Tax Regime.
- The change enables eligible clients to fund investment accounts directly at ALyCs or PSAVs without first routing money through their own bank accounts, subject to CNV oversight.
- BCRA and UIF guidance reminded banks that cash deposits are permitted and that below 40 SMVM (about ARS 13.87 million, roughly US$9,770) they should only identify the depositor rather than demand proof of origin.
- Transfers of securities and virtual assets into the system cannot originate from jurisdictions deemed non‑cooperative for tax transparency or classified as high‑risk by FATF, and AML/CFT duties remain in force on a risk basis.
- Economy Minister Luis Caputo and CNV chief Roberto E. Silva promoted the step as a way to deepen the domestic capital market, and brokers have begun marketing investment options to capture newly formalized funds.