#Binance officially lands in #Argentina What changes for users? The international exchange Binance registered with the Argentine authorities, which generated doubts among its users.
PSAV Registration
The Argentine regulation qualifies as PSAV any subject that, as a business, offers, for example, custody and/or purchase and sale services of virtual assets. And in turn, it requires these subjects to register in the PSAV Registry administered by the CNV.
Even foreign exchanges, such as Binance, must register in the Registry if they carry out any of the activities related to a PSAV in Argentina. And it is established that any of these activities are carried out in Argentina when the foreign subject:
Uses any â.arâ domain to carry out its activities. Has a âfiat rampâ in Argentina that allows it to receive funds or assets from Argentine residents to carry out the activities. Have a clear targeting to residents in Argentina. Make advertising clearly targeted to residents in Argentina. Have a turnover in Argentina that exceeds 20% of your total turnover. One of the main obligations generated by registering in the Registry is compliance with local anti-money laundering regulations, which includes the submission of systemic reports to the Financial Information Unit (UIF), the local agency in charge of the fight against money laundering. For example, one of these is the âReport of operations carried out with Virtual Assetsâ, where all operations carried out with Virtual Assets equal to or greater than an amount of approximately USD 1,000 are reported.
$BTC $ETH $BNB #CryptoCriss77 #TopCoinsSeptember #BinanceTurns7
