Bybit announced its expansion into Latin America. The company has registered as a Virtual Asset Service Provider (VASP) and card operator in Argentina. This move makes Bybit one of the first to offer a full range of digital asset services in the Argentinian market.
Argentina’s recent establishment of the VASP registry marks a step forward in regulating the cryptocurrency sector. Bybit’s registration highlights its intention to follow local regulations and offer a secure platform to users.
As a VASP and card issuer, Bybit can now provide various crypto-related services to users in Argentina. This development comes as Argentina faces economic difficulties and recently approved a company to use cryptocurrency as registered capital. This approval by the Argentine General Inspectorate of Justice shows Argentina’s growing acceptance of digital assets.
Adhering to Local Regulations
Bybit’s entry into the Argentinian market aims to enhance the country’s financial landscape with accessible and secure digital asset solutions. The company emphasizes the security of user assets, implementing measures to protect funds and data. Bybit adheres to Argentina’s anti-money laundering and counter-terrorism financing regulations.
With its global infrastructure and liquidity, Bybit provides Argentinian users access to a variety of digital assets and cryptocurrency-backed payment cards, catering to their evolving needs.