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

Bybit Makes Landmark Move in Latin America with Registration as a VASP and Card Operator in Argentina

In a bold move that solidifies its position as a global leader in the cryptocurrency industry, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced a significant milestone in its expansion strategy in Latin America. The company revealed its registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, marking a pioneering step towards providing comprehensive digital asset services to the Argentinian market.

Argentina’s recent establishment of the VASP registry is a progressive move towards regulating the cryptocurrency industry within its borders. Bybit’s inclusion in this registry underscores its commitment to compliance with local regulations and creating 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.”

Bybit’s registration as a VASP and card issuer empowers the company to offer a wide range of crypto-related services to users in Argentina. This development comes at a crucial time as Argentina faces 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 highlights Argentina’s progressive approach to cryptocurrency policy and its increasing market adoption.

With a focus on providing a regulated and secure platform, Bybit is well-positioned to contribute to Argentina’s financial landscape by offering accessible, secure, and efficient digital asset solutions. Bybit prioritizes the security of its users’ assets, implementing 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.

Utilizing its global infrastructure and liquidity, Bybit provides Argentinian users access to a diverse range of digital assets and cryptocurrency-backed payment cards, addressing the evolving needs of its users and contributing to the country’s financial ecosystem.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit offers 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 also a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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In conclusion, Bybit’s registration as a VASP and card operator in Argentina marks a significant milestone in the company’s global expansion strategy and solidifies its commitment to compliance and security in the cryptocurrency industry. This move not only benefits Argentinian users but also contributes to the growth and adoption of digital assets in the country. Bybit’s focus on regulatory adherence and user security sets a benchmark for the industry, positioning the company as a pioneer in the digital asset services sector.