Crypto.com recently secured a virtual asset service provider (VASP) registration with Argentina’s national security commission (CNV). This registration enables the platform to legally offer its cryptocurrency services within Argentina, bringing safe transactions to Argentinian users.
In March 2024, Argentina enacted a law introducing substantial reforms to its regulatory framework aimed at preventing money laundering and terrorist financing. This law officially integrated Virtual Asset Service Providers (VASPs) into the country’s legal and financial systems, requiring all VASPs to register with the country’s national security commission (CNV).
Exchange platforms such as Binance, Bybit and Coinbase have acquired approval from the CNV to launch their cryptocurrency operations in Argentina, and most recently, Crypto.com joined the ranks.
CNV approves Crypto.com VASP registration
https://t.co/vCNztATSCO is proud to announce that we have secured Virtual Asset Service Provider (VASP) registration from @CNVArgentina !
Vamos Argentina! pic.twitter.com/ZcOzmwTJf6
— Crypto.com (@cryptocom) March 17, 2025
The National Securities Commission of Argentina approved Crypto.com for Virtual Asset Service Provider (VASP) registration. This enables the platform to offer regulated cryptocurrency services throughout the country effective March 17, 2025.
The VASP registration has expanded Crypto.com’s growth throughout Latin America. The approval of the cryptocurrency platform also makes Argentina one of the main hubs for both crypto adoption and financial innovation in the region.
The CNV’s role involves the supervision of platforms and companies engaging in the exchange and transfer of digital assets. The supervision creates a secure and transparent environment for dealing with crypto assets, ensuring compliance with international standards set by the Financial Action Task Force (FATF).
The VASP registration enables Crypto.com to launch crypto products in Argentina through their platform. The registration also allows crypto platform to support ARS fiat services starting from its upcoming ARS fiat wallet launch.
The company will be collaborating with the CNV to achieve full operational licensing under Argentina’s March 2025 crypto regulations.
Alan Yacine, President of Latin America of Crypto.com expressed his excitement at receiving the CNV approval stating; “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.”
The Latin America takeover
Crypto.com has, over the years, strategically expanded its presence in Latin America through a series of initiatives aimed at enhancing the adoption of cryptocurrency in the region.
Alan Yacine remarked on the acceptance of digital currencies in Latin America. “The LATAM market, and Argentina specifically, is a rapidly growing market for crypto adoption and enthusiasts and central to the Crypto.com growth strategy,” the executive said.
The Crypto.com visa card became available for customers in the Latin America region in November 2024. The company was also in partnership with BTG Pactual in February 2024, a collaboration that led to the listing of BTG Pactual’s proprietary stablecoin, BTG DOL, on Crypto.com’s platform.
BTG DOL is a US dollar-pegged stablecoin aimed at integrating traditional finance and digital finance, which is in line with Crypto.com’s ambitions. BTG DOL offered users a reliable platform for transactions and investments. The partnership also introduced trading pairs between BTG DOL and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), providing users with more diversified trading options.
A survey by Crypto.com in 2022 involving over 2000 Argentine citizens confirmed that Argentine customers were expressing an increased attraction towards cryptocurrency adoption. Results of the survey show that 46% of the participants were interested in spending their cryptocurrency through debit cards and another 57% intended to commit to crypto investments before the upcoming year.
Crypto.com also strengthened its operations and strategic partnerships in Latin America by appointing Filomena Ruffa, a former Vice President of Innovation and Strategic Partnerships at Visa’s Latin America division, as the General Manager for its Argentinian operations in October 2020.
Ruffa’s extensive experience in the industry and deep understanding of the Latin American market are essential when it comes to Crypto.com’s growth and adoption strategies in the area.
Crypto.com has also kept up with its regulatory operations in main markets and has obtained several essential licenses, including MiCA in the EU. The company boasts of having a U.S. money transmitting and derivatives clearing license, a Major Payment Institution status in Singapore, Electronic Money Institution approval in the UK and a VASP registration in Dubai.
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