Crypto.com has obtained its VASP registration in Argentina, allowing it to expand its cryptocurrency services in LATAM. The registration promotes local crypto innovation and adoption, launching ARS fiat services by March 2025. The company emphasizes its global regulatory compliance and aims to enhance user experiences in Argentina.
Crypto.com has recently attained its Virtual Asset Service Provider (VASP) registration in Argentina, enabling an expansion of its cryptocurrency services throughout the Latin America (LATAM) region. The National Securities Commission of Argentina officially granted this registration, allowing the platform to operate regulated cryptocurrency services in the country, effective from March 17, 2025.
This registration marks a significant milestone for Crypto.com, as it aims to enhance its growth in the Latin American market, positioning Argentina as a pivotal region for cryptocurrency adoption and financial innovation. The local regulatory approval is aligned with the company’s strategic objectives within the region.
The granted VASP registration facilitates Crypto.com in providing localized cryptocurrency products via the Crypto.com App and initiating support for ARS fiat services, with plans for an ARS fiat wallet launch in support of Argentina’s forthcoming cryptocurrency regulations by March 2025.
Alain Yacine, President of Latin America at Crypto.com, remarked, “The LATAM market, and Argentina specifically, is a rapidly growing market for crypto adoption and enthusiasts and central to the Crypto.com growth strategy. We are proud to achieve this latest regulatory milestone, and excited to provide Argentine consumers and traders a most comprehensive and secure crypto trading experience.”
Crypto.com has made significant progress in its LATAM expansion, including the roll-out of the Crypto.com Visa Card in November 2024 and a partnership with BTG Pactual in February 2024 aimed at enhancing investment banking services. Research conducted by Crypto.com indicates heightened interest among Argentine customers towards cryptocurrency, with 46% expressing a desire to utilize debit cards for crypto spending and 57% contemplating investments in the upcoming year.
To bolster its global operations, Crypto.com is continuously enhancing its regulatory compliance across numerous key markets by obtaining essential licenses. These include the MiCA approval in the European Union, along with United States money transmitting and derivatives clearing licenses, Major Payment Institution status in Singapore, Electronic Money Institution approval in the United Kingdom, and VASP registration in Dubai.
Having commenced operations in 2016, Crypto.com now services over 100 million users worldwide, maintaining superior security measures throughout its platform. The company’s mission focuses on promoting the adoption of cryptocurrency, encapsulated in their vision of having “Cryptocurrency in Every Wallet™.”
In summary, Crypto.com’s recent registration as a Virtual Asset Service Provider in Argentina marks a significant step in the company’s expansion within the LATAM market. The move is expected to enhance local cryptocurrency adoption and financial innovation, particularly with the introduction of localized products and services. The commitment to regulatory compliance in various markets further underscores the company’s strategic approach to fostering crypto adoption globally.
Original Source: financefeeds.com
