The Crypto Exchange Coinbase, based in the US, has received the approval of the regulations to launch in the second largest national economy in South America.
In a statement, Coinbase says that it is expanding its reach to Argentina after securing a Virtual Asset Service Provider (Vasp) registration of the National Securities Commission (CNV) of the country.
Coinbase says that the development will enable the Crypto users of Argentina to better serve by offering localized services, including local payment methods and customer support.
The stock market says it brings its platform to Argentina to help the locals navigate inflation and financial stability.
Research commissioned by Coinbase shows that 87% of the Argentines believe that crypto and blockchain can help them achieve greater financial independence, while 76% see crypto as a solution for some of their financial frustrations.
Says Fabio Plein, director of America in Coinbase,
“For many Argentines, Crypto is not only an investment, it is a necessity to regain control of their financial futures.”
Argentina already sees a widespread crypto adoption with 5 million of the 47 million people who use cryptocurrency daily. Coinbase says that local educational initiatives will launch to give users the knowledge and confidence to navigate through the digital assets space.
“By meeting the unique needs of the Argentinian market and concentrating on security, compliance and education, Coinbase promotes its vision of a more inclusive financial future.”
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