Quick take:
- The registration allows the crypto exchange platform to operate with the country’s legal framework of virtual assets.
- Matías Alberti who has fintech experience with companies like Buenbit and Clara will spearhead Coinabse’s crypto operations in Argentina.
- Coinbase plans to launch educational initiatives in the country as part of its strategy to help users fully understand and make the most of the benefits of cryptocurrency.
Coinbase has received a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV). The registration allows the crypto exchange company to operate with the country’s legal framework of virtual assets.
Announcing the news via a blog post on its website, Coinbase said the approval reinforces its “commitment to providing a secure and compliant environment for users to trade and store their crypto assets.”
The company has appointed Matías Alberti who boasts fintech experience with companies like Buenbit and Clara to spearhead Coinabse’s crypto operations in the country.
Commenting on the appointment, Fabio Plein, Director for the Americas at Coinbase said in a statement: “Matías brings a wealth of experience and a deep understanding of the local market. We’re confident in his leadership as we work to bring crypto services to millions of Argentinians.”
Coinbase highlighted Argentina’s huge crypto community as part of the reasons why the country has emerged as a crypto hub in the region. According to the crypto exchange platform, Argentina boasts over 5 million crypto daily active users with 87% believing crypto can boost financial independence.
Commenting on the crypto industry’s potential in the country, Plein added: “Economic freedom is a cornerstone of prosperity, and we are proud to bring secure, transparent, and reliable crypto services to Argentina. For many Argentinians, crypto isn’t just an investment, it’s a necessity for regaining control over their financial futures.”
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