New Regulations Towards A Digitalized Financial Sector

The Central Bank of Argentina issued Communiqués "A" 6058, 6059, 6068 and 6071 providing financial institutions with the possibility of implementing new technologies in several aspects of their activity.

Continuing with its aim to integrate the financial system with the available technological innovations to foster a greater formalization of the economy and  access to banking services within the Argentine population as well as to facilitate the access and usage of available digital tools (see "New Regulation Implementing the Mobile Payment Platform" in Marval News # 162) the Central Bank of Argentina ( the "Central Bank") issued Communiqués ""A" 6058, 6059, 6068 y 6071.

These Communiqués provide financial institutions with the possibility of using digital and electronic signatures in foreign exchange transactions, executing documents through digital means, opening bank accounts and receiving check deposits through electronic means, respectively.