Crypto.com Secures VASP Registration In Argentina To Offer Fully Regulated Range Of Products And Services
In Brief
Crypto.com has received registration as a Virtual Asset Service Provider from Argentina’s CNV, enabling the platform to offer a fully regulated range of products and services within the country.
Cryptocurrency exchange Crypto.com has announced that it has received registration as a Virtual Asset Service Provider (VASP) from the National Securities Commission (CNV) of Argentina. This registration enables the platform to offer a fully regulated range of products and services within the country. Additionally, Crypto.com plans to collaborate with the CNV in order to secure its full operating license in accordance with new regulations introduced on March 14th.
As part of its expansion, Crypto.com will begin rolling out a localized product offering through its application. The exchange had previously introduced ARS fiat wallet services in 2022. Moreover, a study by Crypto.com on Argentine citizens revealed that nearly half (46%) of respondents view the ability to spend cryptocurrency using a debit card as important or very important, while over half (57%) indicated they are likely or very likely to invest in cryptocurrency within the next 12 months.
Crypto.com Strengthens Expansion Into Latin America, Growing Its Global Licensing Portfolio
Crypto.com offers a variety of services related to digital currencies, including the ability to buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, and others. It also provides features like a cryptocurrency wallet, a Visa debit card that can be loaded with cryptocurrency, staking options, lending services, and interest-bearing accounts for holding cryptocurrency assets. Established in 2016, the platform serves over 100 million customers globally and is recognized for its leadership in regulatory compliance, security, and privacy.
This regulatory approval marks another achievement for Crypto.com in Latin America, following the launch of its Crypto.com Visa Card in the region in November 2024 and its partnership with the prominent Latin American investment bank, BTG Pactual, in February 2024.
The approval adds to Crypto.com’s growing list of licenses and registrations around the world, which include, but are not limited to, a MiCA license, multiple US Money Transmitter Licenses, US Designated Contracts Market and Derivatives Clearing Organization licenses, a Major Payment Institution license in Singapore, a UK Electronic Money Institution license, and a Virtual Asset Service Provider license in Dubai, among others.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
