Binance Receives VASP License From Argentina’s CNV
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Binance, the world’s biggest cryptocurrency exchange in terms of trading volume, has recently signed up as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV). This is a big step for the company, making it the 20th time the company has reached this goal worldwide. The approval lets Binance offer all its services to Argentine users.
This shows Binance’s focus on following the rules. The company said it wants to ensure the growth of the crypto space in Argentina and around the world.
The Exchange Intends To Tackle Money Laundering And The Support Of Terrorism
Binance says it wants to continue following rules in the cryptocurrency sector, including stopping money laundering and preventing funding of terrorism.
The company also has a know-your-customer process to keep users safe. Binance works with law enforcement bodies to make sure it follows the law. Meanwhile, the exchange’s branch in Kazakhstan has got full approval from the Astana Financial Services Authority (AFSA) to run a regulated Digital Asset Trading Facility. This brings Binance a step closer to being the first licensed operator in the country.
Earlier this year, Binance in Kazakhstan received ISO 27701 and ISO 27001 certificates for its platforms. In Turkey, the company is making changes. According to reports, the crypto exchange is keeping an eye on new rules in Turkey and wants to work with the country’s leaders to follow them.
The company supports creating rules to keep the crypto world safe. While Binance.com will still be open in Turkey, some services will change. The Turkish language option will be gone in three months, and marketing to Turkish users will stop.
The Firm Aims To Expand In Latin America And Asia
Binance’s Latin America head, Guilherme Nazar, said the firm will keep following local rules and help crypto grow in Argentina. Nazar added that Binance sees Argentina as an important cryptocurrency market in Latin America.
Binance’s move into Argentina comes soon after it got licenses in India, Indonesia, and Kazakhstan. The exchange is now looking at growing in Latin America and Asia, where crypto is becoming more popular.
Last month, Binance added a new option called Binance Pre-Market. This allows users to buy and sell tokens before they are officially available on the spot market.
The firm also noted that the pre-market option will provide users with more options and chances to trade. It allows early token trades, letting people express their views on the market before the tokens are officially listed.
The new feature aims to help new token projects get more attention and let users join in sooner, according to Binance. This gives token projects a better start and allows more people to participate.
