On April 12, the Argentine National Securities Commission (CNV) recently issued Resolution No. 1125/2026, revising the definition of qualified investors and explicitly including virtual assets within the scope of assets used to determine investor qualification. According to the new regulation, virtual assets held by individuals or legal entities can be combined with securities investments and bank deposits, and when the total reaches 350k UVA (Argentina's inflation-linked unit), the investor can be deemed qualified. Additionally, this revision introduces new provisions related to collective financing (Financiamiento Colectivo), allowing non-qualified investors to participate in certain public offerings, with a single investment cap of 3,000 UVA, a total cap of 10,000 UVA, and restrictions that investments should not exceed 5% (per transaction) and 10% (cumulative) of the investor's personal assets.