Binance, the world's leading blockchain and cryptocurrency infrastructure provider, announces that it has been incorporated into the Registry of Virtual Asset Service Providers (PSAV) of the National Securities Commission (CNV) of the Argentine Republic, marking its 20th regulatory milestone globally.
Binance’s registration with the CNV highlights the company’s commitment to compliance, in Argentina and around the world, in pursuit of the growth and expansion of the crypto industry, in a safe and sustainable manner. The news follows recent regulatory victories in various regions such as India, Kazakhstan and Indonesia, illustrating Binance’s sustained global momentum. Countries with local registrations and approvals also include Dubai, France, Japan, and El Salvador, among others.
With this new registration, the Binance Argentina website and app are now fully available to local users, providing them with access to the full range of Binance services and tools.
In this regard, Guilherme Nazar, Binance's regional vice president for Latin America, said: “At Binance, we support forward-looking regulation and believe that this 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 noted: “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 counter-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.