TL;DR
- Binance has been included in Argentina’s Registry of Virtual Asset Service Providers, a regulatory advancement formalized by the National Securities Commission (CNV).
- This registration marks the exchange’s twentieth regulatory achievement globally, allowing it to offer full access to its products and services to Argentine users.
- The company is committed to contributing to the safe and sustainable development of the crypto industry in Argentina and worldwide.
Binance has made significant regulatory progress. The exchange has been included in the Registry of Virtual Asset Service Providers of Argentina, an action formalized by the country’s National Securities Commission (CNV).
This incorporation represents the platform’s twentieth regulatory achievement globally, consolidating its commitment and success in regulatory compliance and the expansion of its services for Argentine users. With this new authorization, Binance now offers full access to its complete range of products and services, allowing users in Argentina to fully benefit from its platform.
Proud to announce that #Binance has secured registration in Argentina! 🇦🇷
We now have 2️⃣0️⃣ regulatory approvals globally.
Our commitment to a sustainable, secure & safe blockchain ecosystem for our users in LatAm and all over the world continues. 🚀https://t.co/0oHPsePA3T
— Richard Teng (@_RichardTeng) October 1, 2024
Argentina Will Have Access to All Binance Services and Products
The CNV’s decision to register Binance aligns with the company’s intention to contribute to the safe and sustainable development of the crypto industry both in Argentina and worldwide.
The firm has emphasized its focus on proactive regulation, considering it essential to ensure responsible and safe adoption of cryptocurrencies. This advancement comes shortly after the exchange secured licenses and registrations in various jurisdictions, including India, Kazakhstan, and Indonesia.
The Exchange’s Role in Detecting Financial Crimes
Binance’s compliance program is noted for its rigor, featuring strict policies against money laundering and the financing of terrorism, as well as identity verification processes that comply with international standards.
These mechanisms help protect users. At the same time, they enhance collaboration with law enforcement, which is fundamental for addressing crimes related to digital assets. The exchange’s Financial Crime Compliance unit plays a key role in this regard, facilitating investigations and promoting greater security in the ecosystem.
Guilherme Nazar, head of Binance in Latin America, has stated that Argentina is a crucial market for the firm. The company intends to work closely with local authorities to develop the crypto industry in the most sustainable and secure manner possible.
