Crypto.com has received VASP registration from Argentina’s CNV, allowing it to offer regulated crypto services. The company plans to launch localized offerings and has previously introduced ARS wallet services. Their commitment to compliance and security is notable, with a vast global licensing portfolio to support their operations.
Crypto.com has successfully secured a Virtual Asset Service Provider (VASP) registration from the National Securities Commission (CNV) in Argentina. This significant regulatory approval empowers the cryptocurrency exchange to deliver fully regulated products and services within the Argentine market. In light of new regulations enacted on March 14, 2024, Crypto.com intends to collaborate with the CNV toward obtaining a full operational license.
As part of its commitment to expansion in Latin America, Crypto.com plans to launch localized services via its platform. In 2022, the company introduced ARS fiat wallet services to facilitate the buying and selling of digital assets for Argentine users. A survey conducted by Crypto.com revealed that almost 46% of Argentine participants consider spending via crypto debit cards important, with 57% indicating a likelihood of investing in cryptocurrency within the forthcoming year.
This regulatory approval underscores Crypto.com’s ongoing efforts to solidify its position in the Latin American market. In November 2024, the company unveiled its Crypto.com Visa Card in the region, and in February 2024, it formed a strategic partnership with BTG Pactual, a premier investment bank in Latin America, thereby enhancing its market presence.
Founded in 2016, Crypto.com caters to over 100 million users around the globe, offering a range of services including crypto trading, staking, lending, and Visa debit cards. The company is well-regarded for its commitment to security, privacy, and regulatory compliance. Argentina’s VASP approval is a crucial addition to Crypto.com’s extensive global licensing portfolio, which also encompasses licenses such as the MiCA license in the EU and multiple Money Transmitter Licenses in the US, among others.
In summary, Crypto.com has attained important regulatory approval in Argentina, enabling it to offer fully regulated services and products. The company’s ongoing local initiatives, such as the rollout of localized offerings and strategic partnerships, reflect its commitment to expanding its influence in Latin America. Its impressive compliance credentials further establish Crypto.com as a leader in the global cryptocurrency landscape.
Original Source: egamers.io
