WEB3
by BSCN
October 2, 2024
With this registration, Argentine users can now access Binance’s platform for buying, selling, earning, and engaging in other crypto-related activities.
Binance, one of the world’s largest cryptocurrency exchanges, announces securing regulatory approval in Argentina by registering in the country's Virtual Asset Service Providers (VASP) Registry.
Argentine users will now have access to Binance's full range of cryptocurrency services thanks to this significant move. The registration also marks Binance’s 20th regulatory milestone globally.
With Binance's membership in Argentina's VASP Registry, users in Argentina can now legally access a variety of crypto services. These services include buying, selling, earning, and participating in other crypto-related activities through its website and mobile application.
The inclusion of Binance in Argentina’s VASP Registry comes at a time when the demand for cryptocurrency services in the country is reportedly on the rise. The country has seen the highest number of crypto-paid employees in the world, with over 50% of the freelancing market powered by crypto in recent years, according to an Aug. 23 report from CoinDesk.
“Argentina is a key market for Binance. We will continue to work closely with the authorities to develop the industry most sustainably and securely for the benefit of the crypto community and society as a whole,” said Binance’s Head of Latin America, Guilherme Nazar.
Binance reportedly developed a comprehensive compliance program designed to meet the strictest global standards. This program includes robust anti-money laundering (AML) measures, controls to combat the financing of terrorism (CFT), and stringent Know Your Customer (KYC) and Know Your Business (KYB) protocols.
In addition to these measures, Binance has established an industry-leading Financial Crime Compliance (FCC) unit. This specialized team works closely with law enforcement agencies to investigate crypto asset-related crimes, helping to strengthen the security of the broader cryptocurrency ecosystem.
According to Binance, its registration with Argentina’s National Securities Commission (CNV) is a direct result of the company’s consistent dedication to compliance both in Argentina and globally.
Binance has been steadily expanding its global footprint, securing licenses and regulatory approvals in several other countries. The approval in Argentina comes just days after Binance received a full Digital Asset Trading License in Kazakhstan.
This latest approval adds to Binance’s regulatory achievements also in key markets such as India, Indonesia, and Japan, as well as its prior licenses in regions like Dubai, France, and El Salvador.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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