News

Argentina implements protocols to fight crypto crime

Monday 3 February 2025 12:21 CET | News

Argentina has implemented new procedures to guide law enforcement in handling digital assets involved in criminal activity.

 

The Nation’s Security Ministry recently approved Resolution 117/2025, which sets out the steps that police and federal security forces must take to preserve digital assets during investigations. The guidelines aim to standardise the handling of these assets, ensuring they are not altered or lost during the seizure process. 

The resolution recognises that cryptocurrencies are increasingly used in schemes related to money laundering and the financing of terrorism. In this context, authorities have emphasised the need to enhance ways for tracking and analysing digital assets when criminal activity is suspected.

 

Argentina has implemented new procedures to guide law enforcement in handling digital assets involved in criminal activity.

 

Implementation and enforcement measures

In the context of a rising number of cases linked to crypto fraud, the Security Ministry has introduced additional measures. In December, officials were instructed to curb practices that could be seen as unapproved financial intermediation via digital currencies, with an emphasis on early detection of potentially illicit transactions.  

Recent law enforcement actions have included a seizure related to a money laundering operation that combined phone smuggling with illegal online gambling. Specifically, according to news.bitcoin.com, in what local media called the first operation of its kind, the Argentine justice system ordered the seizure of almost USD 28,600 in stablecoins linked to a money laundering case using cryptocurrency. 

Authorities also moved to freeze 3.5 million USDT connected to a suspected Ponzi scheme. The latter case marked the first occasion on which Argentine authorities engaged directly with Tether in a criminal investigation.

In essence, this move aims to position Argentina as one of the most important Latin American countries in addressing crypto-related crimes by establishing clearer protocols for the forensic investigation and management of digital assets.

Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: cryptocurrency, fraud prevention, money laundering, stablecoin
Categories: DeFi & Crypto & Web3
Companies: Government of Argentina
Countries: Argentina
This article is part of category

DeFi & Crypto & Web3

Government of Argentina

|
Discover all the Company news on Government of Argentina and other articles related to Government of Argentina in The Paypers News, Reports, and insights on the payments and fintech industry: