Binance, one of the biggest cryptocurrency exchanges in the world, is now fully active in Argentina after getting official approval from the National Securities Commission (CNV). Now that Binance is registered as a Virtual Asset Service Provider (VASP), it can give all of its services to people in Argentina on both its mobile and web platforms.
In a recent statement, Binance stressed that its addition to Argentina’s VASP registry is the 20th successful governmental approval it has received around the world. Similar registrations have been obtained by the company in Kazakhstan, India, and Indonesia in the past. With this new achievement, Binance continues to grow its influence around the world and its dedication to following the rules.
Users from Argentina can now fully use Binance’s services, which lets them get more involved in the bitcoin market. Binance’s head of business for Latin America, Guilherme Nazar, talked about how important this win was and how important Argentina is as a market for the company. Nazar says that the country is full of tech-savvy people who want to learn more about the benefits of cryptocurrency. This makes it a great place for acceptance and growth.
Nazar also stressed how committed Binance is to following the rules. He said that the company is working closely with local officials to make sure that the cryptocurrency industry grows in a safe and long-lasting way. He said that rules that look to the future are necessary to protect people and encourage new ideas in the sector.
Compliance is still a big part of Binance’s plan, and the company is taking strict steps to meet both local and international legal standards. For the safety of its users, Binance has created a full compliance program that includes strict name verification processes and rules against moving money.
While Binance strengthens its operations in Argentina, it is part of a larger plan to grow its business around the world while keeping security and openness standards high. As the cryptocurrency industry grows, we think that Binance’s proactive approach to law and compliance will serve as a model for other countries that want to set up similar systems.
This new development is another step toward Binance’s goal of offering safe and controlled cryptocurrency services all over the world. Argentina is a key market in this global growth.
