earlyretirement
Moderator
Coinbase, one of the world's largest cryptocurrency exchanges, has officially entered the Argentine market after obtaining a license as a Virtual Asset Service Provider (VASP) granted by the National Securities Commission (CNV). This registration allows it to operate within the country's regulatory framework, offering cryptocurrency-related services to local users.
VASP License: The CNV created this registry in 2024 to regulate companies offering crypto-asset related services in Argentina. Only registered entities can legally operate in the country.
Local Leadership: Matías Alberti, with previous experience in the fintech sector, has been appointed to lead Coinbase's operations in Argentina. His goal will be to oversee the expansion and strengthen the company's local presence.
Market Impact: Coinbase joins a growing crypto ecosystem in Argentina, where approximately 5 million people use cryptocurrencies daily. According to research commissioned by the company, a high percentage of Argentines see cryptocurrencies as a tool to combat inflation and reduce transaction costs.
Coinbase aims not only to offer a secure platform for trading and storing digital assets but also to promote financial education about cryptocurrencies. The company plans to implement local initiatives to improve financial literacy and help users navigate the crypto market.
Argentina is a key market for cryptocurrencies due to its high adoption driven by inflation and foreign exchange restrictions. Recent regulation, including the VASP registry, seeks to balance sector growth with stricter legal and fiscal controls. With Coinbase now operating under this framework, competition is expected to increase among the major exchanges already active in the country.
Coinbase's arrival represents a significant step for both the company and the Argentine crypto ecosystem. This move reinforces Coinbase's global efforts to expand internationally while operating within solid regulatory frameworks.
VASP License: The CNV created this registry in 2024 to regulate companies offering crypto-asset related services in Argentina. Only registered entities can legally operate in the country.
Local Leadership: Matías Alberti, with previous experience in the fintech sector, has been appointed to lead Coinbase's operations in Argentina. His goal will be to oversee the expansion and strengthen the company's local presence.
Market Impact: Coinbase joins a growing crypto ecosystem in Argentina, where approximately 5 million people use cryptocurrencies daily. According to research commissioned by the company, a high percentage of Argentines see cryptocurrencies as a tool to combat inflation and reduce transaction costs.
Coinbase aims not only to offer a secure platform for trading and storing digital assets but also to promote financial education about cryptocurrencies. The company plans to implement local initiatives to improve financial literacy and help users navigate the crypto market.
Argentina is a key market for cryptocurrencies due to its high adoption driven by inflation and foreign exchange restrictions. Recent regulation, including the VASP registry, seeks to balance sector growth with stricter legal and fiscal controls. With Coinbase now operating under this framework, competition is expected to increase among the major exchanges already active in the country.
Coinbase's arrival represents a significant step for both the company and the Argentine crypto ecosystem. This move reinforces Coinbase's global efforts to expand internationally while operating within solid regulatory frameworks.
