DUBAI, UAE, Aug. 16, 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
For updates, please follow: Bybit's Communities and Social
Media
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