Coinbase has received approval from Argentina's National Securities Commission to operate as a virtual asset service provider, strengthening its position in the Latin American market.
Regulatory Approval
Coinbase secured Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV). This move highlights the growing number of citizens using digital assets daily.
Crypto Growth in Latin America
Latin America ranks fifth globally for cryptocurrency adoption, accounting for 8% to 10% of global crypto activity. Venezuela and Argentina rank among the top ten in the Global Crypto Adoption Index.
Cryptocurrency Regulation in Argentina
Cryptocurrency regulation in Argentina remains complex and evolving. Since 2019, the country has imposed requirements for exchanges to register and comply with anti-money laundering measures, though there are concerns over clarity and rigidity.
Coinbase continues to expand in Latin America, recognizing Argentina as a key market. Despite regulatory challenges, the country's growing interest in digital assets attracts cryptocurrency businesses.
