KEY TAKEAWAYS
- Crypto.com secures VASP registration in Argentina, enabling it to offer regulated crypto services.
- The company plans to collaborate with the CNV for a full operating license under new regulations.
- Crypto.com is expanding its presence in Latin America, highlighting Argentina as a key market for crypto adoption.
- Globally, Crypto.com continues to grow its regulatory approvals, adding Argentina to its list of licensed regions.
Buenos Aires, March 17, 2025 – Crypto.com has obtained its Virtual Asset Service Provider (VASP) registration from the National Securities Commission (CNV) of Argentina. This registration enables Crypto.com to offer a fully regulated suite of products and services within the country.
The company plans to collaborate with the CNV to secure a full operating license under the new regulations announced on March 14, 2025. Alain Yacine, President of Latin America for Crypto.com, highlighted the significance of the LATAM market, particularly Argentina, as a rapidly growing hub for cryptocurrency adoption. Yacine stated, “We are proud to achieve this latest regulatory milestone, and excited to provide Argentine consumers and traders a most comprehensive and secure crypto trading experience.”
Following this regulatory approval, Crypto.com will begin rolling out a localized product portfolio through the Crypto.com App. The company had previously launched ARS fiat wallet services in 2022. A recent study by Crypto.com revealed that nearly half of Argentine respondents consider it important to spend crypto using a debit card, and more than half are likely to invest in cryptocurrency within the next year.
Expanding Presence in Latin America
This achievement marks another significant milestone for Crypto.com in Latin America. The company launched its Crypto.com Visa Card in the region in November 2024 and partnered with leading LATAM investment bank BTG Pactual in February 2024. These initiatives underscore Crypto.com’s commitment to expanding its footprint in the region.
Globally, Crypto.com continues to expand its regulatory approvals, adding the Argentine VASP registration to its list of licenses. These include a MiCA license, various U.S. Money Transmitter Licenses, and a Major Payment Institution license in Singapore, among others.
For more information, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Crypto.com has secured a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission, marking a significant step in its expansion across Latin America.
According to a report by AInvest, the LATAM crypto market is experiencing substantial growth, driven by high adoption rates and favorable regulatory environments. This aligns with Crypto.com’s strategic expansion in Argentina, a country ranked 14th globally in cryptocurrency adoption, further solidifying the region as a burgeoning hub for digital assets.
A Cointelegraph report highlights the strict regulatory framework Argentina has implemented for VASPs, aimed at enhancing transparency and security within the crypto ecosystem. This supports Crypto.com’s efforts to comply with rigorous standards, ensuring a secure and comprehensive crypto trading experience for Argentine consumers.
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