Coinbase Expands User Options in Argentina
Date: 2025-01-29 Author: Gabriel Deangelo Categories: BUSINESS
The National Securities Commission of Argentina (CNV) has officially registered Coinbase as a virtual asset service provider (VASP). This decision will allow the crypto exchange to expand its list of services, including payments in Argentine pesos.
Coinbase began operating in Argentina in April 2019, but was initially prohibited from using fiat currencies when exchanging digital assets. Now the platform can operate within the framework of local legislation and plans to offer users in the country more options for managing cryptocurrencies.
According to the Coinbase State of Crypto report for the fourth quarter of 2024, 76% of Argentines consider digital assets as a tool for hedging against inflation and reducing the cost of financial transactions. Many residents of the country already use cryptocurrency in everyday payments.
At the same time, the Argentine authorities have strengthened control over crypto crime. The Ministry of Security has added crimes related to digital assets to the list of priority areas for law enforcement agencies, obliging them to more actively monitor and prevent illegal activities in this area.
