The largest cryptocurrency exchange is now legal in Argentina. The announcement was made through its official networks, where they proudly posted the information.
Binance indicated that it was integrated into the Registry of Virtual Asset Service Providers (PSAV) before the National Securities Commission (CNV) of the Argentine Republic, it also indicates that this would be its 20th regulatory milestone globally, which with enthusiasm the news was well received by the Argentine community.
This regulatory milestone strengthens Binance's commitment to the entire world, in favor of the development, growth and expansion of the cryptographic industry, in order to guarantee the peace of mind and security of all platform users.
Once this operating agreement has been achieved, Binance is legal and all the services and products offered by the Web platform and App are fully available for the Argentine Republic.
Finally, Guilherme Nazar, Binance's regional vice president for LATAM, indicated: "At Binance, we support forward-looking regulation and we believe that it is key to ensuring that the industry continues to evolve and that adoption is carried out in a safe manner. As an industry leader with licenses and registrations in now 20 jurisdictions around the world, Binance is committed to the development of the crypto ecosystem globally and in Argentina in compliance with local requirements." He also indicated: "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 safe way for the benefit of the crypto community and society in general."
In line with its global standards, Binance’s compliance program includes robust anti-money laundering (AML) policies and controls and a comprehensive combating the financing of terrorism (CFT) framework.
In addition to rigorous AML and CFT controls, key components of Binance’s compliance program include robust identity verification processes (know your customer, or KYC and KYB) and the industry-leading Financial Crimes Compliance (FCC) unit, designed to assist law enforcement in investigating crypto-related crimes and building capacity, strengthening the collaborative security of the ecosystem.
“Binance’s commitment to security and regulation is a fundamental part of our strategy. We are convinced that in this way, we will be able to significantly contribute to the development of the local and global industry, raising the standards for user protection and creating a transparent and efficient financial environment,” Nazar concluded.
What is your opinion regarding regulations, and which country should Binance legalize next?