Binance Expands Services in Argentina Following Regulatory Approval

Binance has gained regulatory approval from Argentina’s National Securities Commission, bringing its total to 20 approvals worldwide.

This allows the exchange to roll out its full range of services in Argentina, a key market according to Guilherme Nazar, Head of Latin America.

Richard Teng, the CEO of Binance, confirmed the news on October 1, reiterating the company’s focus on establishing a secure blockchain environment for its users across Latin America and beyond.

Nazar highlighted the exchange’s commitment to regulatory compliance, emphasizing the importance of user protection and transparency in the crypto landscape.

In addition to Argentina, Binance previously secured a Digital Asset Trading Facility license in Kazakhstan, making it the first digital asset platform there. The exchange has also returned to the Indian market after completing the necessary registrations with the Financial Intelligence Unit.

This expansion follows Binance’s exit from the US market in November 2023 after a $4.3 billion settlement with the SEC over anti-money laundering issues, which led to the resignation of former CEO Changpeng Zhao after he pleaded guilty to various charges and received a four-month prison sentence.