Argentina to Seek Solvency Proof From Crypto Firms After FTX
- Local regulator, CNV, will seek information from crypto firms
- Congress bill plans to give oversight power to regulator
Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Tuesday, Jan. 3, 2023.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
Three months after crypto exchange FTX collapsed, Argentina’s government is weighing creating oversight requirements on crypto companies, according to people with direct knowledge of the matter.
The country’s local regulator, known as the CNV, is studying launching requirements on crypto companies, such as proof of solvency, said the people, who asked not to be named discussing the plans. The CNV is planning as it awaits a congressional vote that could give it oversight authority of the crypto sector in coming weeks.