Bybit Now Registered as a VASP and Card Operator with FIU in Argentina, Leading the Way in Digital Asset Services

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has made a significant move in its expansion strategy in Latin America by becoming a registered Virtual Asset Service Provider (VASP) and card operator in Argentina. This development marks a key milestone for Bybit as it positions itself as a pioneer in delivering comprehensive digital asset services to the Argentinian market.

The recent establishment of the VASP registry in Argentina signifies a progressive leap towards regulating the cryptocurrency industry in the region. Bybit’s inclusion in this registry underscores its dedication to complying with local regulations and offering a secure and compliant platform for its users.

Ben Zhou, Co-founder and CEO of Bybit, expressed his excitement about this achievement, stating, “We are excited to become a registered VASP and card issuer in Argentina, and take compliance seriously. This marks a significant step forward in our mission to provide accessible and secure digital asset services globally and our commitment against financial crime. Bybit is determined to support Argentina’s economic growth and empower its citizens through the potential of blockchain technology.”

Bybit’s registration as a VASP and card issuer enables the platform to provide a wide array of crypto-related services to users in Argentina. This comes at a crucial time as Argentina grapples with economic challenges. The recent approval of a company using cryptocurrency as registered capital by the Argentine General Inspectorate of Justice (IGJ) signals a groundbreaking acceptance of digital assets within the country’s legal framework. This showcases Argentina’s progressive stance on cryptocurrency policy and its increasing market adoption.

Bybit’s regulated and secure platform is poised to contribute to the financial landscape of Argentina by offering accessible, secure, and efficient digital asset solutions. The platform prioritizes the security of user assets, implementing top-tier measures to safeguard funds and data. As a registered VASP, Bybit adheres to Argentina’s stringent anti-money laundering (AML) and counter-terrorism financing (CFT) regulations.

Through its global infrastructure and liquidity, Bybit provides Argentinian users with access to a diverse range of digital assets and cryptocurrency-backed payment cards, meeting the evolving needs of the local market.

About Bybit:
Established in 2018, Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. The platform offers a professional environment where crypto investors and traders can access an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is also a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team.

For more information about Bybit, visit the official Bybit Press website.

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Bybit’s registration as a VASP and card operator in Argentina represents a significant leap forward in the platform’s global expansion strategy and commitment to providing secure and compliant digital asset services to users worldwide. This move not only positions Bybit as a pioneer in the Latin American market but also showcases the platform’s dedication to supporting Argentina’s economic growth and embracing the potential of blockchain technology.