- Argentina’s CNV expands its tokenization regime to include a wider range of financial instruments and securities.
- Binance Pay launches QR payments in Argentina, converting crypto to pesos automatically with no fees.
Argentina moves forward with a plan to update its capital markets. A new resolution expands the existing tokenization framework. The National Securities Commission, known as CNV, announced General Resolution No. 1087. This rule extends the framework previously established by RG No. 1081. The objective involves allowing the tokenization of a wider group of financial instruments. These instruments fall under public offering regimes and financial trusts.
It aims to reach more admitted instruments and simplify processes for digital representation in capital markets. The expansion will allow for the tokenization of negotiable securities. These include shares, negotiable obligations, and debt representation securities. It also covers participation certificates of financial trusts. Furthermore, it includes units of closed public offering credit investment funds.
Roberto E. Silva, the president of the CNV, provided a statement. He said the organization has the pleasure of presenting an extension of the tokenization regime. This incorporates new instruments and procedures. These facilitate the issuance and trading of digitally represented assets in a regulated environment.
Silva added that the measure strengthens the regulatory framework. It also expands the tools available for different actors in the financial system. He underlined that the Tokenization Regime they sanctioned placed Argentina at the forefront in Latin America. He noted it also placed the country ahead of many nations worldwide on this topic.
The new resolution introduces extra requirements for issuers. These issuers request authorization for digital representation. Even in cases where prior approval of a prospectus is not necessary, a specific chapter must be presented. This chapter must detail the characteristics of the digital representation. It must also list associated risks. The involved Virtual Asset Service Providers, or VASPs, must be identified. The technology used must also be described.
Another key aspect is an exemption from the listing requirement. This exemption applies to those emissions represented entirely in digital format. The listing would normally be on authorized markets. This provision aims to favor the adoption of innovative technological solutions. It also seeks to reduce unnecessary administrative burdens, according to published information.
Since the creation of the tokenization regime in 2024, Argentina has enabled a normative framework. This framework governs the issuance and trading of digital assets in a regulated setting.
The approved modifications reinforce the CNV’s strategy. This strategy promotes a more inclusive capital market. It also seeks a more agile and transparent market. The framework allows companies to access financing through blockchain technology. It permits investors to participate in tokenized instruments. These instruments come with greater guarantees of security and traceability.
Binance Launches QR Payments in Argentina
Binance introduced a new payment function in Argentina. The feature allows users to pay with cryptocurrencies at local merchants. This is done by scanning a QR code directly from the Binance application. The process incurs no extra costs for the user.
It supports payments with Bitcoin, or BTC. It also supports Tether, known as USDT. More than 100 other cryptocurrencies are also supported. Funds for these payments can originate from user Spot accounts. They can also come from the Funding or Earn sections of the platform.
The Operational Mechanics of Binance Pay with QR
Binance Pay is a global, fee-free solution. It allows users to send, receive, and spend cryptocurrencies instantly. With the new QR payment option, users need only to scan a merchant’s code. They then confirm the payment amount. The entire process takes seconds. The application automatically converts the selected funds into the Argentine peso value. This conversion is handled through Binance’s regulated local partner.
Andrés Ondarra, the General Manager of Binance for Argentina and the Southern Cone, commented on the launch. He said paying with cryptocurrencies through a QR code represents a jump toward true financial freedom. He described it as combining speed, security, and flexibility. It allows the use of digital assets without barriers or commissions, he noted.
The launch solidifies the regional leadership of Binance Pay. The service records more than 45 million active users globally. The total transaction volume since its creation exceeds 250 billion dollars. In 2024 alone, the number of users grew by 226 percent worldwide.
