An Argentine judge has ordered cryptocurrency exchanges to identify 25 accounts linked to the LIBRA investigation and provide customer identification records, IP addresses and transaction histories, though enforcement remains pending.
The order names Binance, Bybit, OKX and Bitfinex as targets. Exchanges have not yet frozen the accounts; the directive requires them to comply with identification and disclosure demands as part of an active investigation.
LIBRA refers to a cryptocurrency scheme that Argentine authorities have been investigating. The judge's order represents an escalation in the use of court process to compel exchange cooperation in asset-tracing and account verification related to the probe.
The exchanges named are among the largest global platforms by trading volume. Binance and Bybit operate in multiple jurisdictions and have faced regulatory scrutiny in various countries over customer onboarding practices. OKX and Bitfinex operate with varying degrees of regulatory registration depending on geography.
Argentine financial regulation has moved to tighten cryptocurrency oversight in recent years. The central bank has issued guidance on crypto asset custody and the local financial intelligence unit (UIF) has expanded its monitoring of virtual asset service providers.
Compliance timelines and enforcement mechanisms for the order remain unclear. The judge's directive requires the exchanges to furnish the requested records; failure to comply could trigger additional legal action, though cross-border enforcement of such orders depends on each exchange's local registration status and regulatory relationships in Argentina.
