“Today we notified users in Argentina that, following a review of our local operations, we have made the decision to temporarily take a step back from maintaining local services in the market,” the company told Forbes last week.

“This is a deliberate pause that allows us to reassess and strengthen our approach, so that we can return with a stronger and more sustainable product offering to the market.”

The report noted that the move came a little less than a year after Coinbase formally announced its launch in the South American country, notifying users on Dec. 31 that it was “continuously reevaluating” its products “to ensure the…