Binance, one of the world’s largest cryptocurrency exchanges, has secured regulatory approval in Argentina by registering in the country's Virtual Asset Service Providers Registry.
Legal Crypto Services in Argentina
With Binance's membership in Argentina's VASP Registry, users in Argentina can now legally access a variety of crypto services. These services include buying, selling, earning, and participating in other crypto-related activities through its website and mobile application. The inclusion of Binance in Argentina’s VASP Registry comes at a time when the demand for cryptocurrency services in the country is reportedly on the rise. The country has seen the highest number of crypto-paid employees in the world, with over 50% of the freelancing market powered by crypto in recent years, according to a CoinDesk report from August 23.
Commitment to Compliance
Binance reportedly developed a comprehensive compliance program designed to meet the strictest global standards. This program includes robust anti-money laundering (AML) measures, controls to combat the financing of terrorism (CFT), and stringent Know Your Customer (KYC) and Know Your Business (KYB) protocols. In addition to these measures, Binance has established an industry-leading Financial Crime Compliance (FCC) unit. This specialized team works closely with law enforcement agencies to investigate crypto asset-related crimes, helping to strengthen the security of the broader cryptocurrency ecosystem. According to Binance, its registration with Argentina’s National Securities Commission (CNV) is a direct result of the company’s consistent dedication to compliance both in Argentina and globally.
Global Expansion and Regulatory Milestones
Binance has been steadily expanding its global footprint, securing licenses and regulatory approvals in several other countries. The approval in Argentina comes just days after Binance received a full Digital Asset Trading License in Kazakhstan. This latest approval adds to Binance’s regulatory achievements also in key markets such as India, Indonesia, and Japan, as well as its prior licenses in regions like Dubai, France, and El Salvador.
The registration in Argentina underscores Binance's ambition to grow internationally and solidify its position as a leading platform for cryptocurrency operations.
