Crypto.com has received VASP registration from Argentina’s CNV, allowing it to offer regulated products. The company plans to introduce localized services and previously launched ARS wallet services in 2022. This approval enhances its position in Latin America, reflecting its commitment to regulatory compliance and security, as the company continues to attract users globally.

Crypto.com has secured registration as a Virtual Asset Service Provider (VASP) from Argentina’s National Securities Commission (CNV). This approval enables the cryptocurrency exchange to offer fully regulated products and services within the nation. Following new regulations introduced on March 14, the company aims to collaborate with the CNV to acquire a comprehensive operating license.

As part of its growth, Crypto.com is set to launch localized services through its application. In 2022, the platform implemented ARS fiat wallet services, facilitating the buying and selling of digital assets for Argentine users. A survey conducted by Crypto.com indicated that nearly 46% of Argentine respondents consider crypto debit card spending essential, while 57% are likely to invest in cryptocurrency within the next year.

This regulatory achievement marks a significant step in Crypto.com’s strategy within Latin America. In November 2024, the company introduced its Crypto.com Visa Card to the region and, in February 2024, formed a partnership with BTG Pactual, a prominent Latin American investment bank, to further solidify its market presence.

Founded in 2016, Crypto.com boasts a user base exceeding 100 million globally, offering services such as crypto trading, staking, lending, and Visa debit cards. The company has earned recognition for its dedication to security, privacy, and regulatory compliance. The approval as a VASP in Argentina adds to Crypto.com’s extensive licensing portfolio, which includes licenses in the European Union, multiple licenses in the United States, and key licenses in Singapore, the UK, and Dubai.

In conclusion, Crypto.com’s recent VASP registration from Argentina’s National Securities Commission marks a pivotal moment for the company’s expansion into the Latin American market. This approval not only enhances the company’s regulatory standing but also aligns with its commitment to security and compliance. With localized services set to launch and strategic partnerships in place, Crypto.com is poised to strengthen its influence in the region while catering to the growing interest in cryptocurrency among Argentine users.

Original Source: egamers.io

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