To date, 79 companies in the cryptocurrency sector have been registered by the Argentine CNV. For Bitget, this record “supports a long-term presence” in Argentina and Latin America. The National Securities Commission (CNV) of Argentina formally incorporated the bitcoin (BTC) and cryptocurrency exchange Bitget into its official registry of Virtual Asset Service Providers (PSAV), adding one more platform for Argentines to operate with digital assets in a legalized manner. With this approval, the company becomes the 78th entity to complete the mandatory procedure in the country, consolidating a total of 79 companies in the sector that are registered with the local regulator to date, according to the organization’s own internal data. The measure places the firm within the current regulatory framework and establishes it as an obligated subject before the Financial Information Unit (UIF) regarding the prevention of money laundering and terrorist financing. The decision of the global operator to regularize its situation in the South American country responds to a regional expansion strategy in Latin America, which follows similar steps taken in jurisdictions such as Mexico. According to the data provided by the company, the high adoption of digital assets in the everyday economy of Argentina, where it is estimated that close to 20% of the population uses these tools and more than 15,000 businesses accept payments with these instruments, makes the local market a key point to ensure long-term operational permanence.
Gracy Chen, CEO of the platform, noted that regulatory frameworks for digital currencies continue to develop across the region, increasing the relevance of regulatory compliance for companies in the sector. The executive stated, in a press release sent to the BitcoinDynamic editorial team, that Argentina represents an outstanding market within the Latin American ecosystem and that the firm maintains the commitment to align with local requirements to sustain its activity over time.
Other large bitcoin exchanges registered in Argentina
The process to obtain the PSAV license in Argentina requires that interested companies present a series of formal requirements before the CNVwhich include the accreditation of legal status, the identification of final beneficiaries and the implementation of strict compliance and risk control policy manuals. Other platforms of international relevance have already completed this process in the previous monthsadapting to the inspection regulations that the Argentine State has been implementing to supervise capital flows in the virtual environment. Among these companies registered in Argentina, the exchanges Binance, Bitfinex, Bitso, Bit2Me, BuenBit, BitBase and Bybit stand out.
The CNV included Bitget in its PSAV registry. Source: CNV Argentina. This advance in institutional regularization occurs in the midst of a constant debate within the digital assets ecosystem in the country. On the one hand, corporations and financial service providers defend formalization, arguing that supervision provides legal certainty, mitigates the risks of fraud and opens the doors to the arrival of institutional capital that energizes the sector. On the other hand, users aligned with the original philosophy of Bitcoin and sectors defending financial privacy express their concern about the tightening of controls. From this perspective, it is argued that the obligation to report sensitive information to the FIU and the crossing of fiscal data with state agencies distort the decentralized nature of bitcoin, a technology originally conceived to operate without the need for centralized intermediaries nor state surveillance. With this new addition, the Argentine market deepens its trend towards institutionalization. Global platforms continue to choose the path of adaptation to the regulatory frameworks of States to guarantee their operational continuity, in an attempt to balance the supervision demands of public bodies with the growing mass adoption of digital currencies by the population.
