“We have a vision for writing, and there are no rules without consultation”: BCRA Director

Pedro Inchaus, director of the Central Bank of the Republic of Argentina (BCRA), said the entity remains in a favorable position against Bitcoin (BTC) and cryptocurrency and will not impose any restrictions without first consulting the sector.

In parallel, Eduardo Silva, head of the National Securities Commission (CNV), expressed his full support for the technology behind Bitcoin, highlighting that the recent 1058 resolutions focused on crypto-active exchanges. You can adjust it over time as needed.

These statements came this week during the Marge 2025 event celebrated in Buenos Aires, where Cryptonoticias announced.

In his speech, “What can we expect from Argentina’s cryptocurrency regulations?”, Inchauspe highlighted BCRA’s joint approach with the cryptocurrency industry.

“I think there is an open attitude on the part of the regulators to listen to them and build a more similar work table. Sandbox We will create a regulatory, a regulatory framework together,” he emphasized.

Inhauspe said There is no standard for surprise. “They don’t find standards through the window without consulting without working as a team,” he said, highlighting the Argentina Central Bank’s vision for promoting industry, working with actors in the cryptocurrency sector to build a regulatory framework.

Silva celebrated last year’s regulatory advances and recalled that a year ago the world of cryptocurrency was alien to CNV. Therefore, he emphasized his efforts. “We’ve done a lot this year. We’ve done a lot of work in this sector and we’re interested in continuing to work that way,” he said.

According to Resolution 1058, Silva Prepared after almost a year of consultation with the industrya process that involves nine months of work in norm democratization.

CNV’s recently announced regulations establish requirements for cryptocurrency exchanges operating in Argentina, as reported by encryption. The platform must register, meet rules for money laundering and pay customs duties.

According to Silva, digital assets with a history of less than 90 days must list special sections. Comes with warnings about the risk of total loss of the capital invested.

The CNV head argued for the importance of Integrate the cryptocurrency sector into traditional financial markets. “We are advocate for technology, but we need to not only achieve this, but we need to integrate into the capital market sector and have one foot in each world,” he said.

He also warned that opaque operations would not be tolerated. “It’s fine if you want to work with the parent company outside, but what’s not possible for us is that we don’t have access to all the information so that we can access if the operation is here,” he said. To do this, Regulatory responsibility is required for exchange Specific manuals added.

Silva recognized the dilemma between promoting innovation and avoiding excessive regulation.

He also added that the solution is not critical and “if you need to adapt it along the path, obviously do it.”

CNV also affects Argentine’s position as CNV maintains an agreement with El Salvador on regulating digital assets, as reported by Cryptooticia. This Central American country is a pioneer in adopting Bitcoin as its fiat currency and shares its experience with Argentina. The cryptocurrency ecosystem gains global relevance. Collaboration seeks to enrich local regulatory frameworks and adapt to international standards without losing sight of the characteristics of the Argentine market.

During the 2025 merge, the words of Inchauspe and Silva resonated among participants at an event that brought together experts and businesses in the technology and financial sector. inchauspe emphasized the importance of sandbox work tables. Regulations can be tested in a controlled environment prior to total implementation.

“We have an industrial promotion vision and we are building it together,” he repeatedly opened the door to a narrower relationship between BCRA and sector companies.

Meanwhile, Silva closed his speech with an optimistic message. “I hope I solved it in the most reasonable way possible.

Resolution 1058 has already generated debate between exchanges, as reported by encryption, and must adapt to new demands while attempting to exploit opportunities in the Argentine market. The standard is perfect, but it takes a step towards formalizing the domestic cryptocurrency sector. With the support of two important institutions, such as the BCRA and CNV.