PSAV Licensing in Argentina: What Developers and Investors Need to Know
Samuel Noah
Finanial Professionals
Apr 18, 2025
Argentina has been one of the most active markets in Latin America for crypto adoption, but until recently, the regulatory framework for virtual asset service providers was fragmented. The PSAV regime — Proveedores de Servicios de Activos Virtuales — established by the BCRA changed that, creating a formal licensing framework that brings virtual asset operations into the regulated financial system.
What a PSAV license means in practice
A PSAV is a virtual asset service provider that has been authorized and supervised by the BCRA — Argentina's central bank. To obtain and maintain the license, a PSAV must meet capital requirements, implement AML and KYC/KYB controls, register with the UIF (Argentina's financial intelligence unit), maintain proper custody standards, and submit to ongoing supervisory oversight.
For developers and investors, this matters because it means the platform handling your token issuance or your investment is not operating in a grey area. It's supervised, audited, and accountable to a regulator. That's not a small thing in a market where unregulated platforms have historically been a source of significant investor risk.
What PSAV licensing means for tokenization
For real-world asset tokenization specifically, the PSAV framework creates the legal basis for All in Token to structure, issue, and distribute tokens over Argentine assets to both local and international investors. The license is the gateway: it enables compliant on/off ramps, regulated investor onboarding, and the kind of institutional reporting that professional capital requires.
Combined with our alignment with the MiCA framework in Europe, the PSAV license positions All in Token to operate a genuinely cross-border tokenization infrastructure — Argentine and LATAM assets structured under Argentine law, distributed to eligible investors in Europe and globally under MiCA-aligned standards.
What developers and investors should ask
Before working with any tokenization platform in Argentina, ask three questions: Are they registered as a PSAV with the BCRA? Do they have UIF registration and an active AML program? And is their legal structure prepared to withstand regulatory scrutiny — not just today, but as the framework evolves? All in Token's answer to all three is yes. That's the foundation every serious tokenization project should be built on.