A well-known compliant platform recently sent an announcement to users in Argentina, announcing that local services in the region will be suspended soon. It is understood that this decision was made less than a year after the platform officially launched in Argentina.
According to the announcement, starting from January 31, users will no longer be able to trade stablecoins using Argentine pesos on the platform. This means that Argentine users relying on USD C for trading need to adjust their strategies quickly and find alternatives.
Industry insiders pointed out that this reflects the compliance pressures and operational challenges faced by exchanges in emerging markets. Argentina, as one of South America's major cryptocurrency markets, may see its local users reconsider their choice of exchanges due to this exit. It is reported that other trading platforms are still expanding their operations in Argentina, and the market competition may be reshuffled as a result.
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Layer2Observer
· 01-06 18:02
Withdrawing in less than a year indicates that the compliance costs in emerging markets have been seriously underestimated. Behind this should be a sudden change in regulatory attitude or policy shifts, rather than simply "operational pressure."
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TokenomicsTherapist
· 01-04 02:56
Running away in less than a year? This compliance trap is a bit deep.
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JustAnotherWallet
· 01-04 02:48
It's the same pattern again: entering new markets and running away after a short while. They loudly claim to be compliant, but in the end, they're just being suppressed by regulators.
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LongTermDreamer
· 01-04 02:46
It's the same old trick again, running away in less than a year... This is what I mean—it's the pitfalls of emerging markets. Compliance, to put it simply, is still a cost issue.
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All-InQueen
· 01-04 02:42
Is it running away again? Under the guise of compliance, it's all just excuses. Why is the South American market so hard to crack...
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GasFeeNightmare
· 01-04 02:33
Another "compliant" big company has run away. Is it Argentina's turn this time? Withdrawing after just one year, hilarious. This is the reality of Web3.
A well-known compliant platform recently sent an announcement to users in Argentina, announcing that local services in the region will be suspended soon. It is understood that this decision was made less than a year after the platform officially launched in Argentina.
According to the announcement, starting from January 31, users will no longer be able to trade stablecoins using Argentine pesos on the platform. This means that Argentine users relying on USD C for trading need to adjust their strategies quickly and find alternatives.
Industry insiders pointed out that this reflects the compliance pressures and operational challenges faced by exchanges in emerging markets. Argentina, as one of South America's major cryptocurrency markets, may see its local users reconsider their choice of exchanges due to this exit. It is reported that other trading platforms are still expanding their operations in Argentina, and the market competition may be reshuffled as a result.