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

As a seasoned crypto investor with a keen eye for regulatory compliance, I find myself deeply impressed by Bit2Me’s strategic moves in the Latin American market. Having navigated through the complexities of various jurisdictions myself, I appreciate the value of operating within the confines of local regulations.

On Friday, Bit2Me, a prominent Spanish cryptocurrency trading platform, announced that it has been granted authorization as a Virtual Asset Service Provider (VASP) by Argentina’s National Securities Commission (CNV).

This authorization strengthens Bit2Me’s compliance with local regulations, giving assurance to both investors and Argentine financial institutions, as stated by the company.

In March, the CNV launched a registry for firms involved in providing virtual asset services, a necessity for businesses operating in this field within the country. As of now, this registry has granted approval to 79 such companies, as per information from the CNV.

In June 2023, Bit2Me secured $15 million through a funding round to bolster its presence in Spain and expedite growth across Latin America. Already, it has made significant strides, such as acquiring a substantial share of the Peruvian platform Fluyez in 2022.

In addition, in 2022, Bit2Me secured approval from the Spanish Bank to offer exchange services between virtual and traditional currencies, as well as digital wallet management, within Spain.