Argentina just drew a line in the sand between crypto and casinos. President Javier Milei’s government forwarded a package of four legislative proposals to Congress on May 22 that would prohibit banks, payment service providers, and virtual asset service providers from facilitating any transactions connected to unauthorized gambling operations.
What the bill actually does
The legislative package was developed in collaboration with Sedronar, Argentina’s agency focused on drug and addiction-related policy, and the Ministry of Health. The government is positioning this as a public health initiative, not just a financial regulation play.
The proposal makes it illegal for any financial entity, including crypto companies, to offer services to unauthorized gambling operators. The National Securities Commission, known by its Spanish acronym CNV, would be tasked with enforcing compliance among digital asset entities specifically. Argentina’s Law 27,739, enacted in March 2024, already mandated that VASPs register with the CNV, with full compliance expected by December 31, 2025.
This bill adds a new layer of obligation on top of that framework, requiring registered VASPs to actively screen for and block transactions linked to unlicensed gambling.
