Global leading blockchain and cryptocurrency infrastructure provider Binance announced that it has been included in the virtual asset service provider (VASP) registry of the Argentine National Securities Commission (CNV), symbolizing Binance's 20th regulatory milestone globally.
Binance's registration with the CNV highlights the company's commitment to compliance in Argentina and worldwide, aiming to promote the growth and development of the cryptocurrency industry in a safe and sustainable manner. This news follows Binance's regulatory victories in several regions, including India, Kazakhstan, and Indonesia, showcasing its ongoing momentum globally, alongside previously licensed, registered, and authorized jurisdictions such as Dubai, France, Japan, and El Salvador.
Additionally, with this new registration, Binance's website and application are now fully accessible to users in Argentina, allowing them to utilize Binance's complete range of services and tools.
Binance Latin America head Guilherme Nazar stated:
“At Binance, we support forward-looking regulation and believe it is crucial for ensuring the sustainable development and safe adoption of the industry. As an industry leader licensed and registered in 20 jurisdictions worldwide, Binance is committed to the development of the cryptocurrency ecosystem globally and in Argentina while complying with local regulations.”
He also noted:
“Argentina is an important market for Binance. We will continue to work closely with authorities to develop the industry in the most sustainable and safe manner, bringing benefits to the crypto community and society as a whole.”
In line with its global standards, Binance's compliance program includes robust anti-money laundering (AML) policies and controls, as well as a comprehensive framework for combating the financing of terrorism (CFT).
In addition to strict AML and CFT controls, key components of Binance's compliance program also include sound identity verification processes (Know Your Customer and Know Your Business, or KYC and KYB) and an industry-leading Financial Crime Compliance (FCC) unit to assist law enforcement in investigating crimes related to cryptocurrency assets and building capacity, thereby enhancing the collaborative security of the ecosystem.
Nazar concluded:
“Binance's commitment to security and regulation is a cornerstone of our development strategy. We firmly believe that through this approach, we can make significant contributions to the development of the local and global industry, raise user protection standards, and create a transparent and efficient financial environment.”