Friends, this news is very good. Binance, the largest exchange in the world, is making its mark in the Argentine market after confirming its registration with national regulators.

The registration means that Binance is now authorized to provide its cryptocurrency trading services in the South American country, adhering to local anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations. The company confirmed that its mobile and web app are now “fully available” for users in Argentina.

Companies wishing to provide services for buying, selling and exchanging cryptocurrencies such as Bitcoin in Argentina must properly register in order to operate in the country, after the nation introduced a new policy this year.

“Argentina is a key market for Binance,” said Guilherme Nazar, Binance’s regional vice president for Latin America, during the registration. “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 in general.”

As registered entities, these companies can provide a wide range of cryptocurrency tools and services to Argentine users, as long as they comply with regulations, such as identity verification (KYC) measures and other controls.

Back to Binance, the development marks its 20th registration with regulators around the world. This follows its registrations in Kazakhstan, India, and Indonesia. Earlier this month, Binance subsidiary Tokocrypto received its official license from Indonesia’s Commodity Futures Trading Regulatory Agency.

Friends, a great step in the regulation and adoption of cryptocurrencies in Latin America, Binance present in this important market.

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