Binance completes registration in Argentina, achieving the 20th global regulatory milestone

Binance, the world's leading provider of memory blockchain and cryptocurrency infrastructure, announced that it has been included in the Virtual Asset Service Providers (VASP) directory of the Argentine National Securities Commission (CNV), symbolizing Binance's 20th regulatory milestone globally.

Binance's registration with CNV highlights the company's commitment to compliance in Argentina and globally, with the goal of promoting the growth and development of the cryptocurrency industry in a secure and sustainable manner. This news follows Binance's regulatory victories in multiple regions such as India, Kazakhstan, and Indonesia, highlighting its sustained momentum globally and adding it to previously licensed, registered, and authorized jurisdictions such as Dubai, France, Japan, El Salvador, and others.

In addition, with this new registration, Binance's website and applications are now fully open to Argentine users, enabling them to use Binance's complete services and tools.

Guilherme Nazar, Head of Binance Latin America, stated:

At Binance, we support forward thinking supervision and believe it is crucial to ensure the sustainable development of the industry and safe adoption. As an industry leader with licenses and registrations in 20 global jurisdictions, Binance is committed to the development of the global and Argentine cryptocurrency ecosystems while complying with local regulations.

He also pointed out that:

Argentina is an important market for Binance. We will continue to work closely with the authorities to develop the industry in the most sustainable and secure way possible, bringing benefits to the crypto community and society as a whole.

Consistent with its global standards, Binance's compliance program includes robust anti money laundering (AML) policies and controls, as well as a comprehensive framework to combat the financing of terrorism (CFT).

In addition to strict AML and CFT control measures, key components of Binance's compliance program include a robust identity verification process (Know Your Customer and Know Your Business, i.e. KYC and KYB) and industry-leading Financial Crime Compliance (FCC) units to assist law enforcement agencies in investigating crimes related to cryptocurrency assets and building their capabilities, thereby strengthening the collaborative security of the ecosystem.

Nazar concluded:

Binance's commitment to security and supervision is an important cornerstone of our development strategy. We firmly believe that through this approach, we can make significant contributions to the development of local and global industries, improve user protection standards, and create a transparent and efficient financial environment.

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