Binance Registers in Argentina secures regulatory approval

Binance, the world’s largest provider of blockchain and cryptocurrency infrastructure, announced its inclusion in Argentina’s Virtual Asset Service Provider (VASP) Registry under the National Securities Commission (CNV). This marks Binance’s 20th global regulatory milestone, reinforcing the company’s compliance in Argentina and worldwide.

The registration in Argentina is a significant step forward for Binance as it seeks to expand the crypto industry in the region. Argentina joins a growing list of areas where Binance has secured regulatory approval, including India, Kazakhstan, Indonesia, Dubai, France, Japan, and El Salvador. This latest development allows Binance to offer its full suite of services to Argentine users, giving them access to various cryptocurrency tools and resources.

Guilherme Nazar, the Company’s Head of Latin America, emphasized the company’s focus on forward-looking regulation, stating that compliance is essential for the continued evolution of the crypto ecosystem. “As an industry leader with licenses and registrations in 20 jurisdictions worldwide, Binance is committed to the development of the crypto ecosystem globally and in Argentina,” Nazar said, adding that the company will continue to work closely with local authorities.

Binance claims to implement stringent anti-money laundering (AML) and counter-terrorism financing (CFT) measures as part of its compliance program. The company has also established robust identity verification processes, known as Know Your Customer (KYC) and Know Your Business (KYB), to ensure security and transparency in its operations. In addition, Binance’s Financial Crime Compliance (FCC) unit actively assists law enforcement in investigating crypto-related crimes, further strengthening the ecosystem’s security.

Guilherme Nazar highlighted the importance of security and regulation in the company’s overall strategy. By raising industry standards and promoting transparency, Binance aims to contribute to the growth of the local and global cryptocurrency sectors.