DUBAI, UAE, Aug. 15,
2024 /PRNewswire/ -- Bybit, the world's
second-largest cryptocurrency exchange by trading
volume, today announced a significant milestone in its expansion
strategy in Latin America: its
registration as a Virtual Asset Service Provider (VASP) and card
operator in Argentina. This
achievement positions Bybit as a pioneer in providing comprehensive
digital asset services to the Argentinian market.
Argentina's recent
establishment of the VASP registry signifies a progressive step
toward regulating the cryptocurrency industry. Bybit's
inclusion in this registry underscores its commitment to adhering
to local regulations and providing a secure and compliant platform
for its users.
"We are excited to become a registered VASP and card issuer in
Argentina, and take compliance
seriously" said Ben Zhou, Co-founder
and CEO of Bybit. "This achievement marks a significant step
forward in our mission to provide accessible and secure digital
asset services to users worldwide and our commitment against
financial crime. Bybit is committed to supporting Argentina's economic growth and empowering its
citizens through the payment capabilities and potential of
blockchain technology."
As a registered VASP and card issuer, Bybit is empowered to
offer a wide range of crypto-related services to
Argentinian users. This development comes at a pivotal time as
Argentina addresses economic
challenges. The recent approval of a company using
cryptocurrency as registered capital by the Argentine
General Inspectorate of Justice (IGJ) signifies a groundbreaking
acceptance of digital assets within the country's legal framework.
This reflects Argentina's
innovative approach to cryptocurrency policy and its
growing market adoption.
By providing a regulated and secure platform, Bybit is poised to
contribute to the country's financial landscape by offering
accessible, secure, and efficient digital asset solutions. Bybit
prioritizes the security of its users' assets, employing
industry-leading measures to safeguard user funds and data. As a
registered VASP, Bybit adheres to Argentina's stringent anti-money laundering
(AML) and counter-terrorism financing (CFT) regulations.
Leveraging its global infrastructure and liquidity, Bybit offers
Argentinian users access to a diverse range of digital assets and
cryptocurrency-backed payment cards, meeting the
evolving needs of its users.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency
exchange by trading volume, serving over 40 million users.
Established in 2018, Bybit provides a professional platform where
crypto investors and traders can find an ultra-fast
matching engine, 24/7 customer service, and multilingual community
support. Bybit is a proud partner of Formula One's reigning
Constructors' and Drivers' champions: the Oracle Red Bull Racing
team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
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SOURCE Bybit