Binance, the world’s largest cryptocurrency exchange by trading volume, has taken a crucial step in its global expansion by obtaining regulatory authorization in Argentina. Registered in the Registry of Virtual Asset Service Providers (PSAV) of the National Securities Commission (CNV), the company will be able to offer its services to local users in a completely legitimate manner.
With this registration, Binance joins the 82 entities already incorporated, being one of the 15 foreign companies authorized to operate in the country. This milestone represents Binance's twentieth regulatory achievement internationally, adding to previous approvals in regions such as Kazakhstan, India, Dubai, Indonesia, France, Japan, and El Salvador. Binance's strategy emphasizes compliance with local and global regulations in a crypto ecosystem that seeks to avoid excessive state control.
Guilherme Nazar, Binance's regional vice president for Latin America, highlighted the relevance of Argentina as a key market for the crypto industry, stating:
“We will continue to work closely with the authorities to develop the industry in the most sustainable and secure way for the benefit of the crypto community and society at large.”
To ensure the security of its operations, Binance has implemented a robust compliance program that includes strict anti-money laundering (AML) and countering the financing of terrorism (CFT) policies. This comprehensive framework also covers identity verification processes (KYC and KYB) and collaboration with authorities to investigate crypto-related crimes.
Binance offers a global platform that goes beyond simply exchanging cryptocurrencies. Users in Argentina can buy and sell digital assets, participate in crypto-based financial products, and use staking and trading tools, all accessible through its mobile app and website.
The growth of the cryptocurrency market in Argentina has been sustained in recent years, driven by inflation and the search for investment alternatives. With its registration in the PSAV, Binance consolidates its presence in this strategic market, along with other platforms that already operate in the country.
Confirmed in September 2024, Binance's registration allows it to offer its full range of products and services to local users, under the supervision of the Financial Information Unit (FIU), in compliance with local regulations on crypto assets. Argentina thus becomes the twentieth market where Binance obtains authorization to operate legally, reinforcing its status as one of the main players in the global cryptocurrency space.
Binance has been a key driver of cryptocurrency adoption in Latin America, a region that has seen a rapid rise in demand for these assets. In countries like Argentina, where economic fluctuations and currency restrictions have led citizens to seek financial alternatives, cryptocurrencies are emerging as a viable option to protect asset values and access global markets.
