Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is making waves in Latin America with its recent registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina. This major milestone is part of Bybit’s expansion strategy and highlights its dedication to providing comprehensive digital asset services in the region.
Argentina’s decision to establish the VASP registry indicates a progressive approach to regulating the cryptocurrency industry, and Bybit’s inclusion in this registry demonstrates its commitment to adhering to local regulations. Bybit’s Co-founder and CEO, Ben Zhou, expressed his excitement about this achievement and emphasized the company’s dedication to compliance and fighting financial crime.
As a registered VASP and card issuer, Bybit now has the authority to offer a wide range of crypto-related services to users in Argentina. This development comes at a crucial time for the country as it grapples with economic challenges. The approval of a company using cryptocurrency as registered capital by the Argentine General Inspectorate of Justice (IGJ) signals a significant acceptance of digital assets within the country’s legal framework, reflecting Argentina’s innovative approach to cryptocurrency policy.
Bybit’s regulated and secure platform is poised to contribute to Argentina’s financial landscape by providing accessible, secure, and efficient digital asset solutions. The company prioritizes the security of user funds and data, implementing industry-leading measures to safeguard assets and adhere to Argentina’s anti-money laundering (AML) and counter-terrorism financing (CFT) regulations.
Utilizing its global infrastructure and liquidity, Bybit offers Argentinian users access to a diverse range of digital assets and cryptocurrency-backed payment cards, meeting the evolving needs of the market. This positions Bybit as a key player in driving the adoption of digital assets in Argentina and supporting the country’s economic growth through blockchain technology.
About Bybit:
Founded in 2018, Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users globally. The platform offers a professional environment for crypto investors and traders, featuring an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is also a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team.
For more information about Bybit, visit their website at https://www.bybit.com/en/press. For media inquiries, contact media@bybit.com. Stay updated by following Bybit on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, Twitter, and Youtube.
In conclusion, Bybit’s registration as a VASP and card operator in Argentina marks a significant milestone for the company and the cryptocurrency industry in Latin America. As Bybit continues to expand its digital asset services in the region, it is poised to play a pivotal role in shaping Argentina’s financial landscape and driving the adoption of blockchain technology.