- Binance secures VASP registration in Argentina, marking a key compliance step with the National Securities Commission.
- This achievement adds Argentina to the list of 20 countries where Binance is officially recognized and regulated.
Binance, a major player in the global cryptocurrency market, has recently secured official status as a Virtual Asset Service Provider (VASP) in Argentina. This registration, issued by the National Securities Commission (CNV), underscores Binance’s dedication to adhering to regulatory frameworks both within Argentina and globally.
This step enhances Binance’s presence in Argentina, a country that shows increasing engagement with cryptocurrency. It marks Argentina as the twentieth country where Binance has gained regulatory approval, following successful registrations in nations like India, Kazakhstan, and Indonesia. The company also holds licenses in other jurisdictions including Dubai, France, Japan, and El Salvador, which reinforces its global operational footprint.
¡Nuevo hito para Binance en Argentina!
Estamos orgullosos de anunciar que Binance ha sido registrado en el Registro de Proveedores de Servicios de Activos Virtuales (PSAV) de la CNV, marcando nuestro 20º logro regulatorio global pic.twitter.com/rozpBbrBnd
— Binance Argentina (@BinanceArg) October 1, 2024
With this new registration, Argentine users can fully access all services and tools provided by Binance through its website and mobile app, allowing them to more effectively participate in the cryptocurrency market. Binance is committed to maintaining high standards of compliance and security, ensuring a reliable platform for its users.
Esto reafirma nuestro compromiso con la seguridad y el cumplimiento normativo en todo el mundo
“Argentina es un mercado clave para Binance, y seguiremos trabajando con las autoridades para desarrollar la industria de manera segura”, señaló Guilherme Nazar, VP de Binance Latam
— Binance Argentina (@BinanceArg) October 1, 2024
Guilherme Nazar, Binance’s Director for Latin America, highlighted the significance of this milestone, stating,
“Argentina is crucial for Binance. We aim to collaborate with local authorities to promote the industry safely and sustainably, benefiting both the crypto community and the broader society.”
Nazar also expressed support for proactive regulation, seeing it as vital for the industry’s stable and orderly growth.
In addition to aligning with local regulations, Binance has established a comprehensive compliance program. This includes stringent measures against money laundering and terrorism financing. The program also involves thorough identity verification procedures for individuals and companies, enhancing ecosystem security and transparency.
As we reported on Crypto News Flash, this regulatory achievement by Binance in Argentina reflects the company’s proactive approach to compliance and its commitment to fostering a secure and regulated environment for cryptocurrency users globally.
