Binance, one of the world's largest cryptocurrency exchanges, has secured approval for registration in Argentina, allowing users in the country to access its full spectrum of crypto services.

Legal Crypto Services in Argentina

With Binance's registration in Argentina's VASP Registry, users in the country can now legally access a variety of crypto services, including buying, selling, earning, and participating in other crypto activities through its website and mobile app. This comes at a time when the demand for cryptocurrency services is reportedly rising in the country, which has seen a high number of crypto-paid employees.

Commitment to Compliance

Binance has reportedly developed a comprehensive compliance program designed to meet the strictest global standards. This program includes robust anti-money laundering measures, controls to combat the financing of terrorism, and stringent Know Your Customer and Know Your Business protocols. Additionally, Binance has established an industry-leading Financial Crime Compliance unit, which works closely with law enforcement agencies to investigate crypto asset-related crimes. The registration with Argentina’s National Securities Commission is a direct result of the company’s consistent dedication to compliance both in Argentina and globally.

Global Expansion and Regulatory Milestones

Binance continues to expand its global footprint by securing licenses and regulatory approvals in various countries. The approval in Argentina comes just days after it received a full Digital Asset Trading License in Kazakhstan. This latest approval adds to Binance’s regulatory achievements in key markets such as India, Indonesia, and Japan, as well as in regions like Dubai, France, and El Salvador.

Binance's registration in Argentina is a significant step in expanding its geographical presence and strengthening its position in the global crypto market, affirming the company's commitment to adhering to international compliance standards.