While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n
To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n
Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n
While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n
To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n
Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n
While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n
To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n
Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws<\/a><\/p>\n\n\n\n Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The VASP license from Argentina further strengthens the company's reputation. In a statement, Bit2Me highlighted that the approval not only adheres to local regulations but also \"provides confidence to both investors and Argentine financial institutions,\" an important factor as the crypto space gains mainstream acceptance in the region.<\/p>\n\n\n\n See Related: <\/em><\/strong>Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws<\/a><\/p>\n\n\n\n Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
After raising $15 million in 2023 to strengthen its position in Spain and Latin America, the exchange has aggressively pursued regional growth. It acquired a majority stake in the Peruvian exchange Fluyez in 2022, and this latest move in Argentina is part of a broader strategy to increase its influence across the continent.<\/p>\n\n\n\n The VASP license from Argentina further strengthens the company's reputation. In a statement, Bit2Me highlighted that the approval not only adheres to local regulations but also \"provides confidence to both investors and Argentine financial institutions,\" an important factor as the crypto space gains mainstream acceptance in the region.<\/p>\n\n\n\n See Related: <\/em><\/strong>Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws<\/a><\/p>\n\n\n\n Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bit2Me's new license<\/a> aligns it with Argentina's emerging crypto regulations, giving it the legal backing to expand further. This approval followed the CNV's initiative to formalize the operations of crypto companies in Argentina, a process that began in March when the CNV launched its registry for virtual asset service providers. So far, 79 companies have reportedly been approved under this program.<\/p>\n\n\n\n After raising $15 million in 2023 to strengthen its position in Spain and Latin America, the exchange has aggressively pursued regional growth. It acquired a majority stake in the Peruvian exchange Fluyez in 2022, and this latest move in Argentina is part of a broader strategy to increase its influence across the continent.<\/p>\n\n\n\n The VASP license from Argentina further strengthens the company's reputation. In a statement, Bit2Me highlighted that the approval not only adheres to local regulations but also \"provides confidence to both investors and Argentine financial institutions,\" an important factor as the crypto space gains mainstream acceptance in the region.<\/p>\n\n\n\n See Related: <\/em><\/strong>Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws<\/a><\/p>\n\n\n\n Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Spanish crypto exchange Bit2Me has secured approval from Argentina's National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP), marking a key step in its regional expansion.<\/p>\n\n\n\n Bit2Me's new license<\/a> aligns it with Argentina's emerging crypto regulations, giving it the legal backing to expand further. This approval followed the CNV's initiative to formalize the operations of crypto companies in Argentina, a process that began in March when the CNV launched its registry for virtual asset service providers. So far, 79 companies have reportedly been approved under this program.<\/p>\n\n\n\n After raising $15 million in 2023 to strengthen its position in Spain and Latin America, the exchange has aggressively pursued regional growth. It acquired a majority stake in the Peruvian exchange Fluyez in 2022, and this latest move in Argentina is part of a broader strategy to increase its influence across the continent.<\/p>\n\n\n\n The VASP license from Argentina further strengthens the company's reputation. In a statement, Bit2Me highlighted that the approval not only adheres to local regulations but also \"provides confidence to both investors and Argentine financial institutions,\" an important factor as the crypto space gains mainstream acceptance in the region.<\/p>\n\n\n\n See Related: <\/em><\/strong>Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws<\/a><\/p>\n\n\n\n Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Spanish crypto exchange Bit2Me has secured approval from Argentina's National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP), marking a key step in its regional expansion.<\/p>\n\n\n\n Bit2Me's new license<\/a> aligns it with Argentina's emerging crypto regulations, giving it the legal backing to expand further. This approval followed the CNV's initiative to formalize the operations of crypto companies in Argentina, a process that began in March when the CNV launched its registry for virtual asset service providers. So far, 79 companies have reportedly been approved under this program.<\/p>\n\n\n\n After raising $15 million in 2023 to strengthen its position in Spain and Latin America, the exchange has aggressively pursued regional growth. It acquired a majority stake in the Peruvian exchange Fluyez in 2022, and this latest move in Argentina is part of a broader strategy to increase its influence across the continent.<\/p>\n\n\n\n The VASP license from Argentina further strengthens the company's reputation. In a statement, Bit2Me highlighted that the approval not only adheres to local regulations but also \"provides confidence to both investors and Argentine financial institutions,\" an important factor as the crypto space gains mainstream acceptance in the region.<\/p>\n\n\n\n See Related: <\/em><\/strong>Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws<\/a><\/p>\n\n\n\n Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Spanish crypto exchange Bit2Me has secured approval from Argentina's National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP), marking a key step in its regional expansion.<\/p>\n\n\n\n Bit2Me's new license<\/a> aligns it with Argentina's emerging crypto regulations, giving it the legal backing to expand further. This approval followed the CNV's initiative to formalize the operations of crypto companies in Argentina, a process that began in March when the CNV launched its registry for virtual asset service providers. So far, 79 companies have reportedly been approved under this program.<\/p>\n\n\n\n After raising $15 million in 2023 to strengthen its position in Spain and Latin America, the exchange has aggressively pursued regional growth. It acquired a majority stake in the Peruvian exchange Fluyez in 2022, and this latest move in Argentina is part of a broader strategy to increase its influence across the continent.<\/p>\n\n\n\n The VASP license from Argentina further strengthens the company's reputation. In a statement, Bit2Me highlighted that the approval not only adheres to local regulations but also \"provides confidence to both investors and Argentine financial institutions,\" an important factor as the crypto space gains mainstream acceptance in the region.<\/p>\n\n\n\n See Related: <\/em><\/strong>Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws<\/a><\/p>\n\n\n\n Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Spanish crypto exchange Bit2Me has secured approval from Argentina's National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP), marking a key step in its regional expansion.<\/p>\n\n\n\n Bit2Me's new license<\/a> aligns it with Argentina's emerging crypto regulations, giving it the legal backing to expand further. This approval followed the CNV's initiative to formalize the operations of crypto companies in Argentina, a process that began in March when the CNV launched its registry for virtual asset service providers. So far, 79 companies have reportedly been approved under this program.<\/p>\n\n\n\n After raising $15 million in 2023 to strengthen its position in Spain and Latin America, the exchange has aggressively pursued regional growth. It acquired a majority stake in the Peruvian exchange Fluyez in 2022, and this latest move in Argentina is part of a broader strategy to increase its influence across the continent.<\/p>\n\n\n\n The VASP license from Argentina further strengthens the company's reputation. In a statement, Bit2Me highlighted that the approval not only adheres to local regulations but also \"provides confidence to both investors and Argentine financial institutions,\" an important factor as the crypto space gains mainstream acceptance in the region.<\/p>\n\n\n\n See Related: <\/em><\/strong>Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws<\/a><\/p>\n\n\n\n Argentina's National Securities Commission opened the registry for virtual asset service providers in March 2023, signaling a shift towards stricter oversight of the burgeoning crypto market. The CNV's registry is a necessary step for any crypto company seeking to operate within the country's borders legally.<\/p>\n\n\n\n Bit2Me's inclusion in the registry signifies its adherence to the latest regulatory standards and positions the company to capture a growing share of Argentina's crypto users. The country has become one of Latin America's more active crypto markets, driven by economic instability and a search for alternative financial systems.<\/p>\n\n\n\n Bit2Me's expansion in Argentina adds to its series of regulatory wins. In 2022, it obtained approval from the Bank of Spain to provide fiat-to-crypto exchange services and custody digital wallets. Bit2Me's recent funding, coupled with regulatory approval in Spain and Argentina, sets the stage for further expansion across the region.<\/p>\n","post_title":"Spain's Crypto Exchange Bit2Me Gets VASP License In Argentina","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"spains-crypto-exchange-bit2me-gets-vasp-license-in-argentina","to_ping":"","pinged":"","post_modified":"2024-09-16 02:58:19","post_modified_gmt":"2024-09-15 16:58:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18694","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\nDefying Argentina\u2019s Economic Turmoil<\/h2>\n\n\n\n
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