Argentina regulator blocks high-yield peso ARGt stablecoin as security. Issuer Twin Finance and platforms must suspend offerings until regulatory approval.

Argentina’s securities regulator, the CNV, ordered the suspension of public offering, listing, and intermediation for ARGt, a peso-denominated stablecoin issued by Twin Finance and listed on Belo. The regulator said the token’s advertised yield — reportedly up to 32% APR — made it function like an investment contract rather than a simple payment token, bringing it under Argentina’s capital-markets rules and requiring prior authorization before it can be offered to the public. The key context is that Argentina has a large retail stablecoin market because residents often use dollar- and peso-linked crypto assets as a hedge against inflation and peso volatility. In this case, the CNV drew a legal distinction between ordinary stablecoins and yield-bearing products: according to one legal analysis of the order, the agency said stablecoins are not securities per se, but ARGt’s structure and marketing satisfied the elements of a negotiable security under Argentine law. The practical effect is that Twin Finance and any intermediaries must halt related activity until they obtain regulatory approval, setting an important precedent for how Argentina may treat crypto products that combine stablecoin features with promised returns.

✨ AI-generated background, compiled from web sources — not editorial content.

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