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The Cryptocurrency bunker in Argentina is Prosegur’s third, after Madrid and San Pablo.
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The client is offered a suitcase and computer designed by the Israeli custody company GK8.
Prosegur Cash, a Spanish company specialized in the transportation and custody of cash, has recently inaugurated, through its Prosegur Crypto division, the first cryptoasset bunker in Argentina. The information was shared through the X social network by Fernando Geijo, Global Director of Communication of the company.
After obtaining approval from the National Securities Commission (CNV) of Argentina, Prosegur inaugurated a maximum security vault at its headquarters in the Autonomous City of Buenos Aires. In this installation, Corporate clients will be able to store their private keys and crypto assets offlineusing a computer designed by former Israeli secret service agents. This device, similar to the technology used in Israel to manage missile defense, is located inside a safe.
This is the third bunker dedicated to the storage of cryptoassets that the company has inaugurated, after having opened facilities in Madrid and Saint Paul.
In the last few hours, it emerged that the Prosegur team is already holding talks with some banks, since their intention is maintain the escrow service in a B2B format (business to business) and give priority to commercial banks. José Ángel Fernández, Executive President of Prosegur Crypto and corporate director of Innovation at Prosegur Cash, recently told local media: “Our priority is to guarantee the security of the assets, ensuring that at no time are they used for purposes other than their custody.”
It is no coincidence that Prosegur has chosen Argentina to establish its third cryptocurrency vault. According to the last Chainalysis adoption reportbetween June 2023 and June 2024, the southern country consolidated itself as leader in Latin America in cryptoasset transaction volumeafter having occupied second place in the previous report; Furthermore, 61.8% of these operations were carried out with stablecoins. Globally, Argentina stands out by ranking 15th in terms of cryptocurrency adoption.
The growing interest in cryptocurrencies in Argentina has also driven initiatives in the public sector. Recently, deputy Martín Yeza presented a Bitcoin-mineria/”>bill which seeks to grant the Central Bank the power to buy, store and mine bitcoin as part of its reserves. If approved, this proposal could not only strengthen national reserves, but also position Argentina as a benchmark in the institutional adoption of cryptoassets, following the example of countries like El Salvador.
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