Crypto.com has secured a Virtual Asset Service Provider license from Argentina’s CNV, allowing regulated cryptocurrency services across the nation. The company plans to expand its localized services and strengthen its market presence in Latin America, responding to increased crypto adoption demands. With strategic partnerships and regulatory compliance, Crypto.com is positioned for growth in the region.

Crypto.com has successfully obtained a Virtual Asset Service Provider (VASP) license from Argentina’s National Securities Commission (CNV), enabling the platform to offer regulated cryptocurrency services throughout the nation. This strategic approval is pivotal for Crypto.com’s ambition to enhance its market footprint in Latin America, and the company plans to collaborate further with CNV to secure a full operating license under new regulations.

The recent license strengthens Crypto.com’s presence in Argentina, which presents significant growth opportunities. In 2022, the company launched ARS fiat wallet services, and is now set to expand its offerings on the Crypto.com application to cater to the local market. A notable survey indicates that 46% of Argentine citizens value expenditure via crypto debit cards, with 57% expressing interest in cryptocurrency investments over the next year.

As part of its regional expansion, Crypto.com has made strategic investments in Argentina, notably introducing its Visa Card across Latin America in November 2024. Furthermore, the company brokered a strategic business partnership with BTG Pactual, a premier investment bank, in February 2024, solidifying its commitment to growth in this region.

Crypto.com has garnered a robust reputation due to its adherence to regulatory compliance and stringent security standards, servicing over 100 million users worldwide. The platform offers a variety of services, including crypto trading, staking, lending, and Visa debit cards, thereby enhancing user experience and promoting safe practices within blockchain technology.

In its effort to expand globally, Crypto.com continues to build its regulatory portfolio with this latest approval. The company possesses a MiCA license within the European Union and multiple Money Transmitter Licenses in the United States. Additionally, it operates as a Major Payment Institution in Singapore and as a Virtual Asset Service Provider in Dubai, showcasing its commitment to establishing a secure environment for crypto users worldwide.

Crypto.com anticipates launching localized services to meet the growing demand in Argentina for cryptocurrency adoption. The company’s localized offerings will enable customers to access a secure and regulated trading platform, marking a significant milestone in its strategy to expand operations throughout Latin America.

The acquisition of the VASP license from Argentina’s CNV marks a significant development for Crypto.com, facilitating its growth within the Latin American market. With the introduction of localized services and partnerships, the company is poised to cater to the increasing cryptocurrency adoption in Argentina. Furthermore, its commitment to regulatory compliance reinforces its position as a trusted platform for cryptocurrency services globally.

Original Source: www.tronweekly.com

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