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

The global cryptocurrency exchange giant Bybit has made a groundbreaking move in its expansion strategy by securing registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina. This announcement marks a significant milestone not only for Bybit but also for the cryptocurrency industry in Latin America.

Argentina’s decision to establish a VASP registry signifies the country’s progressive approach to regulating digital assets. Bybit’s inclusion in this registry demonstrates its dedication to compliance with local laws and regulations, ensuring a safe and secure platform for its users.

“We are thrilled to achieve registration as a VASP and card issuer in Argentina, showcasing our commitment to compliance,” stated Ben Zhou, Co-founder and CEO of Bybit. “This accomplishment represents a major leap forward in our mission to offer accessible and secure digital asset services globally while actively combating financial crime. Bybit is dedicated to supporting Argentina’s economic growth and empowering its citizens through the innovative capabilities of blockchain technology.”

As a registered VASP and card issuer, Bybit now has the authority to provide a wide range of cryptocurrency-related services to users in Argentina. This development comes at a crucial time as Argentina navigates economic challenges. The recent approval of a company using cryptocurrency as registered capital by the Argentine General Inspectorate of Justice (IGJ) signals a significant acceptance of digital assets within the country’s legal framework. This highlights Argentina’s forward-thinking approach to cryptocurrency policy and its increasing adoption in the market.

Bybit, known for its commitment to user security, employs top-tier measures to safeguard user funds and data. As a registered VASP, Bybit adheres to Argentina’s strict anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, prioritizing the protection of its users.

Through its extensive global infrastructure and liquidity, Bybit is now able to offer Argentinian users access to a diverse range of digital assets and cryptocurrency-backed payment cards, catering to the evolving needs of the market.

About Bybit:
Bybit stands as the world’s second-largest cryptocurrency exchange by trading volume, boasting a user base of over 40 million individuals. Founded in 2018, Bybit is renowned for its professional platform that offers users an ultra-fast matching engine, round-the-clock customer service, and multilingual community support. Bybit proudly partners with Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team.

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The move by Bybit to register as a VASP and card operator in Argentina showcases its commitment to compliance and its dedication to providing secure and efficient digital asset solutions to users in the region. This step not only strengthens Bybit’s presence in the Latin American market but also highlights the growing acceptance and adoption of cryptocurrency in Argentina’s financial landscape.