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Home BREAKING NEWS

Binance Gains Official Approval to Offer Full Services in Argentina

Matoy by Matoy
October 1, 2024
in BREAKING NEWS, CRYPTO
Reading Time: 2 mins read
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  • Binance secures registration in Argentina, enabling complete access to its crypto services for local users.
  • The exchange’s app and website are now fully operational for Argentine customers after joining the country’s VASP registry.
  • Binance emphasizes its commitment to regulatory compliance and views Argentina as a key market for cryptocurrency adoption.

Binance announced that its mobile and web applications are now fully accessible to users in Argentina after obtaining official registration as a crypto service provider. The exchange has been added to the Argentine Virtual Asset Service Provider (VASP) registry maintained by the National Securities Commission (CNV), marking its 20th regulatory registration worldwide.

This achievement follows Binance’s approvals in countries such as Kazakhstan, India, and Indonesia. On September 9, its subsidiary Tokocrypto received an official license from Indonesia’s Commodity Futures Trading Regulatory Agency.

Full Access for Argentine Users

With the new registration, Binance can offer its complete range of services to customers in Argentina. The company’s mobile app and website are now fully operational for Argentine users, providing access to various cryptocurrency trading and management options.

Guilherme Nazar, Binance’s head of Latin America, stated that the company supports progressive regulation to ensure the safe adoption of the crypto industry. He emphasized that Argentina is an important market, and Binance plans to work closely with local authorities to develop the industry sustainably and securely for the benefit of the crypto community and society.

Commitment to Compliance

Nazar also highlighted that compliance is a crucial part of Binance’s strategy. By adhering to local and global standards, the company aims to enhance user protection and contribute to the development of regulations that foster a safe trading environment.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Binance
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Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

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