Key facts:
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The registration was made in such a way that Cryptocurrency movements do not have to be reported to the AFIP.
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Under new regulations, exchanges must register with the National Securities Commission.
Binance” target=”_blank” rel=”noreferrer noopener”>BinanceBinance, the world’s largest cryptocurrency exchange, has registered its international company in Argentina. The registration, effective and visible in the public registry of Virtual Asset Service Providers (PSAV) on the website of the National Securities Commission (CNV), allows Binance to participate in the cryptocurrency laundering program.
This move ensures that Binance operate legally in Argentina, making it easier for its users to regularize their digital assets. The company has chosen to register as a foreign entity, a strategy that avoids the obligation to declare cryptocurrency holdings to the AFIP, although it must report transactions in pesos.
“As reported by the CNV, Binance has become an authorized PSAV in Argentina. In this sense, it is eligible for users to join the official money laundering program,” Binance said in an official statement sent to CriptoNoticias. “We support regulation and believe it is key to ensuring that the industry continues to evolve and adoption is carried out safely,” the exchange added.
The laundering of cryptocurrencies In Argentina it is part of a broader asset regularization program, which includes not only cryptocurrencies but also other undeclared assets. This process is crucial for the Argentine government, as it seeks to capture unregistered capital, increase the tax base and combat money laundering.
Binance is the 76th cryptocurrency company to be registered in Argentina. Source: CNV.
Local Exchanges Bitcoin/” target=”_blank” rel=”noreferrer noopener”>have already facilitated this process for its users, as reported by CriptoNoticias, showing a trend towards the regularization of digital assets in the country. The participation of Binance In this scheme, it not only legalizes its operations, but also strengthens confidence in the Argentine cryptocurrency market, aligning with local regulations for sustainable and safe growth.
With the registration of BinanceArgentine users now have Another official way to launder your cryptocurrencieswhich may encourage more people to formalize their holdings. This step also reflects the growing maturity of the cryptocurrency market in Argentina, where regulation is seen as a necessary step for the legitimacy and expansion of the sector.
Other exchanges that are registered with the CNV of Argentina are Ripio, SatoshiTango, Lemon, Fiwind, Buenbit, CryptoMKT and Belo,
This article was created using artificial intelligence and edited by a human on the editorial staff.
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