Crypto exchange Binance has achieved a significant milestone by joining Argentina’s Virtual Asset Service Providers Registry, marking its 20th global regulatory achievement. Announced on October 1, this registration allows Binance to offer its full range of services to users in Argentina, further embedding the exchange into the country’s growing cryptocurrency market.
Strengthening Global Compliance
Binance’s registration was incorporated by Argentina’s National Securities Commission (CNV), signaling another step in the company’s continued global expansion. Binance has been focusing on strengthening its compliance efforts through anti-money laundering (AML) and counter-financing of terrorism (CFT) policies. The exchange also implements Know Your Customer (KYC) and Know Your Business (KYB) processes and has a Financial Crime Compliance unit that collaborates with law enforcement agencies to combat crypto-related crime.
This move highlights Binance’s commitment to regulatory adherence and safe cryptocurrency adoption, both in Argentina and worldwide. According to Binance, this milestone underscores its dedication to building trust and sustainability within the cryptocurrency industry.
Expansion in Argentina
With this regulatory approval, Binance is poised to expand its complete suite of services to Argentina-based users. Guilherme Nazar, Binance’s head of Latin America, emphasized Argentina’s importance to the company, stating, “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.”
This registration aligns with Binance’s broader strategy, which includes other regulatory milestones in countries like India, Kazakhstan, and Indonesia, demonstrating the exchange’s growing presence in global markets.
