The South American country recently gave the green light to Bybit. Bybit, a cryptocurrency exchange platform got a license to operate as a Virtual Asset Service Provider (VASP).
This step enables Bybit to provide all the services that it offers. This includes spot and derivatives trading, to the residents of Argentina. The same also consists of the launch of crypto-backed payment cards. The same could improve the process of the utilization of digital assets.
Bybit Gains VASP License in Argentina
Bybit getting the VASP license from the Financial Intelligence Unit of Argentina is a big boost to the exchange. This approval will allow Bybit to offer its spot and derivatives trading services to the people of Argentina.
Bybit CEO Ben Zhou’s statement has been rather bullish regarding the exchange’s potential in Argentina. He stressed that Bybit will fully follow the laws of Argentina concerning anti-money laundering and counter-terrorism financing. This according to Zhou
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