Bybit Gets License to Sell Digital Assets in Argentina

Todaysgist, News – Bybit, the world’s second-largest crypto exchange by trading volume, has registered as a Virtual Asset Service Provider (VASP) and card operator in Argentina. With this achievement, Bybit becomes a pioneer in providing complete digital asset services in the Argentine market.

The recent VASP license in Argentina represents a major leap in the regulation of the cryptocurrency industry. Bybit has demonstrated its commitment to complying with local regulations and providing a secure and compliant platform by registering as a VASP.

“We are excited to become an official VASP and card issuer in Argentina. We place great importance on regulatory compliance,” said Ben Zhou, Co-founder & CEO, Bybit, quoted from a written statement, Monday (19/8/2024)

“This achievement is a significant development of our mission to provide accessible and secure digital asset services to users around the world, as well as our commitment to combating financial crime. Bybit is committed to supporting Argentina’s economic growth and helping Argentine citizens through payment features and the potential of blockchain technology.” he added.

As an official VASP and card issuer, Bybit offers a wide range of crypto services to users in Argentina. This development comes at a crucial time, as Argentina navigates economic challenges.