Binance Completes Registration in Argentina, Achieving 20th Global Regulatory Milestone
Binance, a leading global blockchain and cryptocurrency infrastructure provider, has announced that it has been included in the Argentine National Securities Commission's (CNV) Virtual Asset Service Provider (VASP) registry. This marks Binance's 20th regulatory milestone globally.
Binance's registration with the CNV underlines the company's commitment to compliance in Argentina and around the world, aiming to facilitate the growth and development of the crypto industry in a safe and sustainable manner. This news follows Binance's regulatory successes in several other regions, including India, Kazakhstan, and Indonesia, demonstrating its continued global momentum and adding to a list of jurisdictions where it has previously secured licenses, registrations, and authorizations, such as Dubai, France, Japan, and El Salvador.
With this new registration, Binance's website and app are now fully accessible to users in Argentina, allowing them to utilize Binance's complete range of services and tools.
Guilherme Nazar, Binance's Head of Latin America, stated:
"At Binance, we support forward-looking regulation and believe it is crucial to ensuring the continued growth and safe adoption of the industry. As an industry leader with licenses and registrations in 20 jurisdictions globally, Binance is committed to the development of the crypto ecosystem in Argentina and globally while respecting local regulations."
He further highlighted:
"Argentina is a key market for Binance. We will continue to work closely with the authorities to develop the industry in the most sustainable and secure way, bringing benefits to the crypto community and society at large."
Consistent with its global standards, Binance's compliance program includes robust Anti-Money Laundering (AML) policies and controls, along with a comprehensive framework for combating the financing of terrorism (CFT).
In addition to rigorous AML and CFT controls, key components of Binance's compliance program include robust Know Your Customer (KYC) and Know Your Business (KYB) verification processes, as well as an industry-leading Financial Crime Compliance (FCC) unit to assist law enforcement agencies in investigating crypto-related crimes and conducting capacity building, reinforcing the collaborative safety of the ecosystem.
Nazar concluded:
"Binance's commitment to security and regulation is a cornerstone of our development strategy. We strongly believe that in this way, we can make a significant contribution to the development of the local and global industry, raising user protection standards and creating a transparent and efficient financial environment."
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