Coinbase Gains Regulatory Approval to Operate in Argentina
Coinbase (COIN) has received regulatory approval to operate in Argentina after obtaining a Virtual Asset Service Provider (VASP) registration from the National Securities Commission (CNV).
- The move aims to enhance economic freedom globally.
- This follows Coinbase's expansion into Brazil earlier in 2023.
- Approximately 5 million Argentinians use crypto daily.
- 76% of adults view crypto as a remedy for high inflation and transaction costs.
- Matìas Alberti will lead operations in Argentina, bringing prior fintech experience from Buenbit and Clara.
- Coinbase shares remained stable, increasing by 8% this year to $277.84.
- The share price closely aligns with movements in bitcoin.