Cryptocurrency Platform Coinbase Obtains VASP Registration From Argentina's CNV

This approval will allow the company to operate legally within Argentina's framework. It will enable Coinbase to offer localised services in the region

Coinbase has secured a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV).

This approval will allow Coinbase to operate legally within Argentina’s framework.

The approval will enable Coinbase to offer localised services in the region, tapping into local payment methods and offering customer support in the region.

Coinbase Americas director Fabio Plein said: “We’re excited to announce Coinbase’s arrival in Argentina, a country with a high level of crypto adoption and a progressive stance towards digital assets.

“Our entry into the Argentinian market is a testament to our commitment to expanding crypto access and providing a trusted platform for users in the country. We look forward to working with local partners and authorities to drive the adoption of crypto in a safe and responsible manner.”

Coinbase’s operations in Argentina will be led by Matías Alberti, who has experience in operations, strategy, and market expansion, having worked with fintech firms such as Buenbit and Clara.

Plein said: “Matías brings a wealth of experience and a deep understanding of the local market. We’re confident in his leadership as we work to bring crypto services to millions of Argentinians.”

According to Coinbase’s research, 87% of Argentinians believe in crypto’s ability to offer more financial independence, while 79% are open to receiving crypto payments.

Plein further stated: “Security and trust are at the core of Coinbase. We are committed to offering Argentinians a platform that meets the highest industry standards while ensuring ease of use.”

Coinbase also plans to launch local educational initiatives to help users fully understand and utilise the benefits of cryptocurrency.

Plein added: “Our educational initiatives will equip Argentinians with the knowledge and confidence they need to navigate the opportunities and challenges of the crypto ecosystem.”

Last month, Coinbase collaborated with Apple to facilitate cryptocurrency purchases through Apple Pay in third-party apps, streamlining the fiat-to-crypto conversion process.

Coinbase’s platform allows individuals to buy, sell, transfer, and store cryptocurrency, as well as convert it into their local currency and vice versa.