Here is the rewritten article in markdown format:

Argentina’s Fintech Industry Trends and Developments

Argentina’s fintech industry is rapidly growing, with several key trends and developments shaping its future. This guide provides an overview of the current state of the industry, highlighting opportunities and challenges for entrepreneurs, investors, and regulators.

Tokenisation: A Growing Trend in Argentina

Tokenisation is on the rise in Argentina, with predictions suggesting that it will reach USD16 trillion by 2030, representing 10% of global GDP operating on blockchains. This trend has significant implications for the country’s fintech industry, with opportunities for innovation and growth.

Regulatory Framework: Adapting to Change

Although specific legislation is lacking, Argentina may adapt its existing legal framework to support tokenisation innovation. Regulators are working closely with industry stakeholders to ensure that the regulatory environment is conducive to growth and development.

Security Tokens: Classification and Requirements

Security tokens may fall under the classification of securities according to Argentine regulations, which could require prior authorisation from the CNV before issuance in case of a public offering. This requirement has significant implications for companies looking to issue security tokens.

Anti-Money Laundering Reform: New Definitions and Requirements

Recent reforms to Argentina’s Anti-Money Laundering (AML) regulatory framework have introduced new definitions and requirements, including the definition of “virtual asset” and “VASP”. These changes entail specific licensing and registration requirements for companies operating in the fintech industry.

Equity-Based Crowdfunding: A Growing Trend

Equity-based crowdfunding has become an innovative type of crowdfunding in Argentina, where investors receive equity participation in the entrepreneur’s vehicle entity in consideration for their monetary contribution. This trend has opened up new opportunities for startups and small businesses to raise capital.

Embedded Finance: The Future of Fintech in Argentina

The growth of embedded finance in Argentina is expected to continue in 2024, with significant strides in advanced blockchain applications and AI-powered credit scoring models. This trend has the potential to revolutionise the fintech industry in Argentina, making it more customer-centric and innovative.

Conclusion

Argentina’s fintech industry is emerging as a leader in Latin America, driven by innovation, regulatory reforms, and customer-centric solutions. With its growing tokenisation market, adapting regulatory framework, and innovative crowdfunding models, the country has tremendous potential for growth and development.