Binance Registers in Argentina's Virtual Asset Service Providers Registry, Attains 20th Regulatory Approval Globally

Binance recently reported to have registered in Argentina's Virtual Asset Service Providers Registry. This registration allows Binance to provide all our various crypto services to users in Argentina in a legal manner.

Cryptocurrency exchange Binance has recently registered with Argentina’s Virtual Asset Service Providers Registry. This registration now legally permits Binance to fully service users in Argentina with its diverse crypto services.

Moreover, this achievement marks Binance’s 20th regulatory approval globally. It signifies the platform’s continuous commitment to responsible expansion and operation in the digital asset sector.

Binance functions within Argentina’s legislation and aims to provide its customers with convenient methods of accessing the website and the app. This enables users to buy, sell, earn, and engage in other activities including the use of other services offered in the exchange. The move into Argentina is indicative of the demand for cryptocurrency services in the region.

However, the decision to register with the CNV demonstrates Binance’s adherence to strict regulations. This aligns with the company’s strategy to operate at international market standard.

Nevertheless, the recent approval follows closely on the heels of approval in other regions, such as Kazakhstan.

In its bid for further growth, Binance has implemented various compliance programs designed to meet international standards.

The company has also developed robust AML/CFT measures for the organization. All these programs aim to ensure a secure trading environment and the integrity of the platform.

Furthermore, Binance deploys stringent Know Your Customer (KYC) and Know Your Business (KYB) methodologies to verify its users and business entities. By focusing on user verification, Binance strengthens its position as a trusted participant in the crypto market.

Also, Binance’s Financial Crime Compliance (FCC) department works closely with police forces worldwide to combat crypto-based offenses. This proactive approach underscores the company’s intentions to achieve regulatory compliance and protect clients.

Another key component of the compliance program is obtaining clearances with different jurisdictions and regulatory approvals.

With its expanded operations in Argentina, Binance aims to solidify its presence in the Latin American region.

On the socio-legal front, Binance announced that it will cooperate closely with regulators and assist in creating favorable conditions for legal and profitable businesses in the sector.

Binance’s recent achievement of obtaining a Digital Asset Trading License in Kazakhstan demonstrates the company’s commitment to growth. Within this license, Binance Kazakhstan will be able to operate as a trading facility, broker-dealer, and custody.

As the first and only digital asset platform in Kazakhstan licensed to do so, Binance is committed to Central Asia’s development. A key feature of Binance is its constant diversification into new markets. This expansion is also in line with the goal of the company to make the use of cryptocurrency more safe and regulated.

As the company begins getting approval in many locations, it also increases the standards of user security and meeting compliance.

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