Binance, the world’s leading Blockchain and Cryptocurrency infrastructure provider, has been officially registered in the Registry of Virtual Asset Service Providers (PSAV) of the National Securities Commission (CNV) of Argentina. This step marks Binance’s 20th regulatory milestone globally, strengthening its commitment to regulatory compliance in key markets such as Argentina and other major jurisdictions around the world.
This registration not only reinforces Binance’s position as a leader in the industry, but also underlines its focus on growing and expanding the crypto industry in a safe and sustainable manner. Argentina joins a list of countries where Binance has achieved regulatory victories, including India, Kazakhstan, Indonesia, Dubai, France, Japan and El Salvador, among others.
Full access for users in Argentina
With this new registration, local users in Argentina will now have full access to the Binance platform and its complete offering of services and tools. Guilherme Nazar, Binance Regional Vice President for Latin America, said: “We support forward-thinking regulation and believe it is key to ensuring the industry continues to evolve safely. “Argentina is a key market for us, and we will continue to work closely with the authorities to develop the crypto industry in a sustainable and secure manner.”
A global commitment to security and compliance
Binance’s compliance program follows rigorous global standards, including robust anti-money laundering (AML) policies and a comprehensive framework to combat the financing of terrorism (CFT). In addition, the platform applies rigorous identity verification processes, known as KYC and KYB, and has a Financial Crimes Compliance Unit (FCC) that actively collaborates with security forces to investigate crimes related to cryptoassets.
Nazar highlighted that this commitment to security and regulation is essential for the growth of the crypto industry, both in Argentina and globally. With its focus on transparency and user protection, Binance seeks to raise the standards of the financial ecosystem, ensuring a more efficient and trustworthy environment for all its participants.
In summary
The registration of Binance in Argentina represents a crucial step for the consolidation of the crypto industry in the country and the growth of its global ecosystem. By reaching its 20th regulatory milestone, Binance demonstrates its commitment to regulatory compliance, driving a responsible and secure approach to mass adoption of digital assets.
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