- Argentina’s CNV is expanding its tokenization regime to include a wider range of financial products and securities.
- Binance Pay launches QR payments in Argentina, automatically converting cryptocurrencies to pesos with no fees.
Argentina is moving ahead with plans to update its capital markets. The new solution extends the existing tokenization framework. of National Securities CommissionAnnounced General Resolution No. 1087, known as CNV. This rule expands on the framework previously established by RG No. 1081. Objectives include allowing the tokenization of a broader group of financial instruments. These products fall under public offering schemes and financial trusts.
The aim is to make the process easier by using more authorized means. Digital representation in capital markets. This enhancement allows for the tokenization of securities. These include stock, negotiable debt, and debt representation securities. Financial trust participation certificates are also eligible. Additionally, it includes units in privately-held public credit investment funds.
CNV Chairman Roberto E. Silva issued a statement. He said the organization is pleased to present the expansion of its tokenization regime. It incorporates new measures and procedures. These facilitate the issuance and trading of digitally represented assets in a regulated environment.
Silva added that this measure will strengthen the regulatory framework. It also expands the tools available to different actors in the financial system. He emphasized that the tokenization regime they authorized has put Argentina at the forefront of the world. latin america. He also pointed out that the country is ahead of many countries around the world on this subject.
The new resolution introduces additional requirements for issuers. These publishers require authorization for digital representations. Even if pre-approval of the prospectus is not required, certain chapters must be presented. In this chapter, digital expression. Associated risks should also be listed. Related parties virtual asset service provideror VASP must be identified. The technology used should also be explained.
Another important aspect is the exemption from listing requirements. This exemption applies to emissions that are represented entirely in digital form. Listings typically take place on a licensed market. This provision aims to encourage the adoption of innovative technological solutions. According to public information, it also aims to reduce unnecessary administrative burden.
Since the creation of the tokenization regime in 2024, Argentina has implemented a normative framework. This framework governs the issuance and trading of digital assets in a regulated environment.
The approved amendments strengthen CNV’s strategy. This strategy fosters more inclusive capital markets. They also want more agile and transparent markets. This framework allows businesses to access financing through blockchain technology. This allows investors to participate in tokenized products. These devices have better guarantees of security and traceability.
Binance launches QR payment in Argentina
Binance has introduced new payment features in Argentina. This feature will allow users to pay with cryptocurrencies at local merchants. This is done by scanning a QR code directly from the Binance application. This process does not incur any additional cost to you.
We support payments in Bitcoin or BTC. It also supports Tether, known as USDT. Over 100 other cryptocurrencies are also supported. These payments can be funded from your Spot Account. It can also be obtained from the “Funding” or “Earnings” section of the platform.
Binance Pay operating mechanism using QR
Binance Pay is a global fee-free solution. This allows users to send, receive, and spend virtual currency instantly. With the new QR payment option, users only need to scan the merchant’s code. Then confirm the payment amount. The whole process will take a few seconds. The application will automatically convert the selected funds to the Argentine Peso value. This conversion will be handled through Binance’s regulated local partners.
Andres Ondara, Binance General Manager for Argentina and the Southern Cone, commented on the launch. He said paying with cryptocurrencies via QR code represents a leap towards true financial freedom. He explained that it combines speed, security and flexibility. This will enable the use of digital assets without barriers or fees, he noted.
This launch strengthens regional leadership. binance pay. The service has more than 45 million active users worldwide. Total trading volume since its inception exceeds $250 billion. In 2024 alone, the number of users increased by 226% worldwide.
