# Coins Latam

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**TL;DR**

**Brazil-first strategy.** All licensing, capital allocation, and infrastructure decisions are anchored in Brazil. **LATAM expansion is conditional** upon partner validation and regulatory feasibility. **Argentina:** Structured observation, not an active build. **Optionality over exposure.**
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### Brazil as Regulatory Anchor

Coins.xyz’s LATAM strategy is anchored in Brazil due to its formalized digital asset regulatory framework.

Brazil is the only jurisdiction in LATAM currently implementing:

* A structured VASP licensing regime (SPSAV)
* Formal capital computation methodology (Res. Conjunta 14 + Res. BCB 517)
* Defined supervisory oversight via BACEN

LATAM activation is conditional. Brazil is foundational.

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## Operating Model

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<summary><strong>Brazil</strong> as Anchor</summary>

Brazil defines the structural posture of LATAM. The country leads the Mercosul Economic Block and legislation here is being copied by Argentina with a few weeks delay. Core licensing, legal, compliance and banking network is built from here and we will set up shop in Sao Paulo during first half of the year to expand our network and adopt a more aggressive sales and trading discipline.&#x20;

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<summary><strong>DCPay</strong> as Operational Layer</summary>

DCPay serves as a temporary operational layer for non-Brazilian markets. It does not replace local licensing, but many PSPs allow offshore entities to manage collections and disbursements for a regulated entity abroad. It buys time to market.&#x20;

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<summary><strong>Argentina</strong> Go/No-Go</summary>

To establish operations for ARS, we need a local Virtual Asset Service Provider (VASP) through a local entity. We are presenting our findings and estimated setup costs to aid in the Go/No-Go decision-making process. Furthermore, we propose this as a potential investment or joint venture opportunity in Argentina to expedite the launch.

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