Argentinian Regulatory Agency States Lack of Authority to Intervene in LIBRA Case

BlockBeats News, February 20th, According to local Argentine media Infobae, the National Securities Commission (CNV) has "so far chosen not to intervene" in the LIBRA event, "because the current regulatory framework does not cover token offerings on decentralized platforms." However, the CNV has stated that it will "accelerate measures" aimed at "preventing further cryptocurrency fraud cases that harm investors."

According to industry sources, the CNV is in the "final stages of developing a new, more detailed regulatory framework." The goal of this regulation is to provide users with greater transparency and security, as well as to establish a stronger legal framework for companies using cryptocurrency, digital tokens, and other blockchain-based assets.