Regulation
Coinbase Gains Approval To Launch In Argentina
Coinbase, a prominent American-based publicly traded company, has made a significant foray into Latin America, receiving regulatory approval in Argentina. Securing a Virtual Asset Service Provider (VASP) license from Argentina’s National Securities Commission (CNV), Coinbase plans to expand its operations in the local market.
Coinbase’s launch in Argentina aligns with the platform’s broader vision of global expansion. The VASP approval represents a major breakthrough in Coinbase’s mission to expand global economic freedom, with a focus on upholding security, regulatory adherence, and user awareness.
Coinbase Secures VASP License in Argentina
In an astounding development, Coinbase has secured a VASP license from Argentina’s regulators, the National Securities Commission (CNV). In an official statement, Coinbase stated, “This approval reinforces Coinbase’s commitment to providing a secure and compliant environment for users to trade and store their crypto assets.”
Coinbase, the top crypto exchange that owns more than 600 million users globally, aims to expand the community to 1 billion people in the near term. While a majority of the platform’s revenue comes from America, Coinbase seeks to rebalance its revenue mix by growing its presence in markets beyond the US.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: