Connect with us

Business

Bybit receives VASP, card operator registration in Argentina

Published

on

Bybit, a prominent global cryptocurrency exchange, has successfully obtained registration as a Virtual Asset Service Provider (VASP) in Argentina. This milestone marks a significant step in Bybit’s expansion strategy across Latin America, a region increasingly embracing digital assets.

The VASP registration, granted by Argentina’s regulatory authorities, allows Bybit to operate legally within the country, offering its full suite of cryptocurrency services, including trading, staking, and custody solutions. This move aligns with Argentina’s growing demand for digital currencies as citizens seek alternatives to hedge against economic instability and inflation.

Bybit’s entry into the Argentine market comes at a time when the country is witnessing a surge in cryptocurrency adoption. The exchange’s compliance with local regulations demonstrates its commitment to providing secure and regulated crypto services, fostering trust among users and regulators alike.

Argentina is a key market for Bybit’s expansion in Latin America, a region that has shown significant potential for cryptocurrency growth. By securing VASP registration, Bybit is well-positioned to tap into this market, offering Argentine users access to a broad range of digital asset services.

This regulatory approval not only strengthens Bybit’s foothold in Argentina but also sets the stage for further expansion in other Latin American countries. As Bybit continues to grow its presence in the region, it remains focused on adhering to local regulations and delivering innovative crypto solutions tailored to the needs of its users.

Bybit’s VASP registration in Argentina underscores the exchange’s broader commitment to regulatory compliance as it expands globally. This development is expected to enhance Bybit’s reputation and attract more users in Argentina, solidifying its position as a leading cryptocurrency platform in the region.

Business

7-Eleven South Korea to accept CBDC payments in national pilot program

Published

on

7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

Continue Reading

Business

SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

Published

on

The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

Continue Reading

Business

GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

Published

on

GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk