Regulatory approval allows Binance to launch full crypto services in Argentina

Binance has registered with the National Securities Commission of Argentina, unlocking all crypto services for its local users.

Binance, the world’s largest cryptocurrency exchange, has officially launched all its services in Argentina after registering as a crypto service provider with the country’s National Securities Commission, according to the company’s announcement.

This regulatory approval marks Binance’s 20th registration milestone worldwide and expands its offerings into the Latin American market. Binance’s mobile and web applications are now fully accessible to users in Argentina.

I’m proud to announce this #Binance Registration secured in Argentina! 🇦🇷

We now have 2️⃣0️⃣ regulatory approval worldwide.

We remain committed to a sustainable, safe and secure blockchain ecosystem for our users in Latin America and around the world. 🚀https://t.co/0oHPsePA3T

— Richard Teng (@_RichardTeng) October 1, 2024

Binance in Argentina

This move allows Argentines to trade, buy and sell a wide range of cryptocurrencies through the Binance platform. This development is in line with the company’s strategy to expand in markets with strong crypto adoption potential.

Binance operates as an exchange where users can trade different digital assets such as Bitcoin (BTC) or Ethereum (ETH). Think of it as a marketplace, but you’re dealing with digital currencies instead of traditional money.

This announcement follows other new regulatory approvals in India, Kazakhstan and Indonesia.

The exchange’s anti-money laundering policies and compliance program, which includes stringent verification processes, demonstrate Binance’s efforts to meet regulatory standards and ensure user safety.

While former Binance CEO Changpeng Zhao faces legal troubles in the US, Binance remains focused on expanding its services globally, with Argentina now becoming a key part of its growth.