The registration will enable Coinbase to offer localised services in the region tapping local payment methods and customer support. Credit: Ira Lichi/ Shutterstock.

Cryptocurrency platform Coinbase has obtained a Virtual Asset Service Provider (VASP) registration from Argentina’s National Securities Commission (CNV). 

This approval will allow the company to operate legally within Argentina’s framework. 

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It will enable Coinbase to offer localised services in the region tapping local payment methods and customer support.  

Matías Alberti will lead Coinbase’s operations in Argentina, which has 5 million crypto users daily.  

He has experience in operations, strategy, and market expansion, having worked with fintech firms such as Buenbit and Clara. 

Coinbase Americas director Fabio Plein said: “Matías brings a wealth of experience and a deep understanding of the local market. We’re confident in his leadership as we work to bring crypto services to millions of Argentinians.”  

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According to the company’s research, 87% of Argentinians believe in crypto’s ability to offer more financial independence, while 79% are open to receiving crypto payments.  

Plein further stated: “Security and trust are at the core of Coinbase. We are committed to offering Argentinians a platform that meets the highest industry standards while ensuring ease of use.” 

Coinbase plans to launch local educational initiatives to help users fully understand and utilise the benefits of cryptocurrency. 

Plein added: “Our educational initiatives will equip Argentinians with the knowledge and confidence they need to navigate the opportunities and challenges of the crypto ecosystem.” 

Last month, Coinbase collaborated with Apple to facilitate cryptocurrency purchases through Apple Pay in third-party apps, streamlining the fiat-to-crypto conversion process.  

Coinbase’s platform allows individuals to buy, sell, transfer, and store cryptocurrency, as well as convert it into their local currency and vice versa.