Coinbase Gains Approval From Argentina’s National Securities Commission
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Coinbase received approval from Argentina’s National Securities Commission (CNV) to register as a Virtual Asset Service Provider (VASP). The company shared that this approval lets it work within Argentina’s legal rules for virtual assets. Coinbase explained that it would keep focusing on giving users a safe place to trade and store crypto assets.
The company announced that Matías Alberti had been chosen to lead its operations in Argentina. Alberti had worked in the fintech industry before, with companies like Buenbit and Clara. Coinbase shared that his job would be to help the company grow in Argentina.
Coinbase Aims To Educate And Expand Crypto Use In Argentina
Fabio Plein, Director for the Americas at Coinbase, said that Alberti had a lot of experience and understood the local market well. Plein added that they believed in his leadership to help bring crypto services to many people in Argentina.
Research paid for by Coinbase showed that many Argentinians saw cryptocurrency as a way to solve financial problems. The results revealed that 87% of Argentinians thought crypto could give them more control over their money, and 76% believed it could help with inflation and high transaction costs.
Coinbase also pointed out that 79% of people were open to getting paid in cryptocurrency, and about 5 million Argentinians used crypto every day.
Coinbase shared that it wanted to focus on education in Argentina. The company planned to start local programs to teach people about money and help them understand cryptocurrency better. The goal was to ensure users knew how to handle digital assets safely and wisely.
Coinbase Seeks Legal Clarity And Adapts To Remote Work Trends
In another event, Coinbase asked the Second Circuit Court of Appeals to decide whether its trading system should follow federal securities laws. The company explained that its system worked with a blind bid-ask process and did not fit the rules of the Howey test. Finance Magnates reported that this legal case could affect the whole crypto industry.
The SEC had paused its case after the Southern District of New York’s decision, giving Coinbase a chance to ask a higher court for guidance. Experts shared that the final decision could set new rules for how crypto trading is handled in the future.
Coinbase Global, Inc., known as Coinbase, is an American company that runs a cryptocurrency exchange. The company shared that all its employees worked remotely, without a main office. It also explained that it was the largest cryptocurrency exchange in the United States based on trading volume.
Coinbase was started in 2012 by Brian Armstrong and Fred Ehrsam. In May 2020, the company announced that it would close its San Francisco office and work remotely. It explained that this choice was part of a trend where many tech companies left San Francisco after the COVID-19 pandemic.
