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Binance has announced that its mobile and online platforms are fully operational in Argentina following the exchange’s registration as an official virtual asset service provider (VASP). This expansion strengthens its foothold in Latin America.
Binance Launches Full Service in Argentina
Binance, a cryptocurrency exchange, has declared that its online and mobile applications are now fully available to Argentine consumers following its registration as an official crypto service provider in the nation.
Binance Registers as VASP with Argentine Authorities
Binance made a public release to Cointelegraph announcing its incorporation into the National Securities Commission of Argentina's virtual asset service provider (VASP) register. This is the exchange's 20th registration with authorities around the world, according to the statement.
This comes after it was registered in Indonesia, India, and Kazakhstan. The Commodity Futures Trading Regulatory Agency of Indonesia officially licensed Tokocrypto, a Binance affiliate, on September 9th.
Expansion to Argentina Marks New Milestone for Binance
It was noted in the release that the registration enables the company to provide its entire range of services to users in Argentina. Binance says that the app and website are fully available to Argentine users right now.
In the statement, Guilherme Nazar, head of Latin America at Binance, stated that the business is in favor of forward-looking regulation since it would guarantee the secure continuation of the industry's acceptance.
CEO Highlights Argentina’s Importance for Crypto Growth
An additional statement made by the CEO was that the corporation considers Argentina to be a significant market. As described by Nazar, Argentina is a key market for Binance. We will continue to work closely with the authorities to develop the industry in the most sustainable and secure way for the benefit of the crypto community and society as a whole.
Compliance and Regulation Drive Binance’s Strategy
An important aspect of its approach, according to the CEO, is compliance. According to Nazar, they think this would provide them a chance to help shape user protection standards on a national and international level.
