Spanish Crypto Exchange Bit2Me Obtains License in Argentina as a Virtual Asset Service Provider

  • September 25, 2024
Spanish Crypto Exchange Bit2Me Obtains License in Argentina as a Virtual Asset Service Provider
  • In March, the CNV opened the computer system registry of virtual possession provider, which is needed for business in the sector that wish to run in the nation

  • In 2023, Bit2Me raised $15 million in a financing round to grow its position in Spain and accelerate its growth in Latin America

Bit2Me, a leading Spanish crypto exchange, got approval as a virtual possession provider (VASP) from Argentina’s National Securities Commission (CNV), the business stated Friday.

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  • “This permission strengthens Bit2Me’s position as a business lined up with regional regulative requirements, which offers self-confidence to both financiers and Argentine banks,” the business stated in a Spanish-language declaration.

    In March, the CNV opened the pc registry of virtual property provider, which is needed for business in the sector that wish to run in the nation. The computer system registry has actually 79 authorized up until now, according to a main list supplied by the CNV.

    In June 2023, Bit2Me raised $15 million in a financing round to grow its position in Spain and accelerate its growth in Latin America. It has actually currently taken concrete actions, amongst them the 2022 acquisition of a bulk stake in the Peruvian peer Fluyez.

    In 2022, Bit2Me gotten approval from the Bank of Spain to be a supplier of services for the exchange of virtual currency for fiat currency and the custody of digital wallets in that nation.

    Modified by Stephen Alpher.

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