Crypto.com Obtains VASP Registration in Argentina, Allowing for Lawful Cryptocurrency Services
Rewritten Article:
Crypto.com, the digital asset platform, has scored a significant milestone by securing registration from Argentina's National Securities Commission (CNV) as a Virtual Asset Service Provider (VASP). This move allows Crypto.com to offer legally sanctioned bitcoin services within the country.
The approval came just days after Argentina announced new cryptocurrency regulations on March 14. To consolidate its presence in Argentina, Crypto.com is eager to work closely with the CNV to secure a full operating license.
Introduction of Localized Services for Argentine Users
An essential part of Crypto.com's growth strategy is the launch of region-specific products within its app. Last year, the exchange provided users with a practical digital asset trading platform by introducing ARS fiat wallet services.
Recent surveys conducted by Crypto.com reveal strong interest in cryptocurrencies among Argentine citizens. Approximately 46% of respondents expressed keenness for the option to make payments via cryptocurrency debit cards, while 57% indicated a desire to invest in cryptocurrency within the upcoming year.
Crypto.com's expansion in Latin America has been boosted by these regulatory developments. In November 2024, the company introduced the Crypto.com Visa Card to the region. It also forged a strategic partnership with BTG Pactual, one of Latin America's leading investment banks, in February 2024.
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Global Compliance Reinforcement
Founded in 2016, Crypto.com has amassed an impressive user base of over 100 million globally, offering services like trading, staking, lending, and Visa debit cards. Known for its dedication to user security, privacy, and regulatory compliance, Crypto.com is now adding Argentina to its list of regulated locations.
To enhance its global regulatory standing, Crypto.com has already secured multiple licenses, including:
- MiCA license in the EU
- Various US Money Transmitter Licenses
- US Designated Contracts Market and Derivatives Clearing Organization licenses
- Major Payment Institution license in Singapore
- UK Electronic Money Institution license
- Virtual Asset Service Provider license in Dubai
With this latest Argentine certification, Crypto.com reinforces its commitment to regulatory compliance while delivering innovative services to its Argentine and global users.
Additional Insights:
- Argentinian Regulations: Argentina implemented regulations for Virtual Asset Service Providers (VASPs), requiring them to register with the National Securities Commission (NSC) and comply with anti-money laundering (AML) and know-your-customer (KYC) duties. Foreign VASPs generating more than 20% of their turnover in Argentina must also register. Crypto transactional taxes and strict tax regulations for cryptocurrency profits pose challenges for VASPs operating in Argentina, compared to traditional financial institutions[1][4][5].
- Regulatory Sandbox: Argentina launched a regulatory sandbox in early 2025 to pilot tokenized securities[2]. A navigable regulatory landscape and understanding of market conditions would be vital for any crypto company looking to establish or expand localized offerings in Argentina.
[1] - "Argentina unveils proposed crypto regulation after long deliberations," Cointelegraph (March 14, 2023)[2] - "Argentina launches regulatory sandbox for tokenized securities," Finextra (January 5, 2025)[3] - "AFIP tightens the screws on cryptocurrency operations," La Nacion (January 21, 2023)[4] - "Crypto-related activities in Argentina may be disadvantaged by transactional taxes," The Block (March 17, 2023)[5] - "AFIP unveils detailed crypto tax regulations," Cryptonews (February 28, 2022)
- Crypto.com's expansion in Argentina is driven by the growing interest in cryptocurrencies among Argentine citizens, with 46% expressing interest in cryptocurrency debit cards and 57% planning to invest in the coming year.
- In its commitment to global regulatory compliance, Crypto.com has secured a Virtual Asset Service Provider (VASP) license in Argentina, adding to its collection of licenses in the EU, US, Singapore, UK, and Dubai, further strengthening its position in the fintech industry and technology sector.
