America

2024

Bitcoin

USDC

<h4><strong>Crypto exchange Binance has secured regulatory clearance to operate in Argentina. </strong></h4>
<p>Binance announced on Tuesday that its mobile and web applications were fully operational for Argentine users.</p>
<h5><strong>Binance Earns 20th Global Registration in Argentina as a Virtual Asset Provider</strong></h5>
<p>Operating in Argentina means that <a href="https://www.argentina.gob.ar/cnv" target="_blank" rel="noopener noreferrer nofollow">Argentina’s National Securities Commission (CNV)</a>&nbsp;recognizes Binance as a virtual asset service provider (VASP). Interestingly, this marks Binance’s 20th registration globally.</p>
<p>Binance’s head of Latin America, Guilherme Nazar, <a href="https://www.binance.com/en/blog/regulation/binance-records-its-20th-global-regulatory-milestone-with-registration-in-argentina-2922177352214100563" target="_blank" rel="noopener noreferrer nofollow">expressed</a> the company’s commitment to complying with local regulations and contributing to crypto expansion in Argentina. Nazar revealed that Binance sees Argentina as a strategic crypto market in Latin America.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> marks its 20th global regulatory milestone with registration in Argentina.</p>
 <p>This achievement underscores Binance’s commitment to compliance and progressive regulation, aiming to foster the growth of the crypto industry in a safe and sustainable manner worldwide.</p>
 <p>Read… <a href="https://t.co/hbBNVmBX23" rel="noopener noreferrer nofollow">pic.twitter.com/hbBNVmBX23</a></p>
 <p>— Binance (@binance) <a href="https://twitter.com/binance/status/1841178655801651262?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 1, 2024</a></p>
</blockquote>
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<p>Speaking highly of the nation, Nazar said in a statement, “Argentinians are tech savvy, open to testing innovations that help with their concrete needs, and have been showing they are thirsty for tools that allow them to use crypto in their daily lives.”</p>
<h5><strong>Crypto Continues to Expand in Latin America and Asia</strong></h5>
<p>Binance’s expansion to Argentina comes shortly after securing licenses in Indonesia, <a href="https://www.altcoinbuzz.io/cryptocurrency-news/kazakhstan-to-license-binance-and-bybit/" target="_blank" rel="noopener noreferrer nofollow">Kazakhstan</a>, and India. The crypto exchange appears to have turned its sight to Latin America and the Asian markets. Both regions have seen a notable rise in crypto activities.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> Kazakhstan has become the first digital platform to obtain a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA).</p>
 <p>Now fully licensed to operate a digital assets trading facility, act as a broker-dealer, and provide… <a href="https://t.co/2sKCJyLuee" rel="noopener noreferrer nofollow">pic.twitter.com/2sKCJyLuee</a></p>
 <p>— Binance (@binance) <a href="https://twitter.com/binance/status/1840814022771212683?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 30, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In Latin America in particular, there’s been an increased use of stablecoins, particularly among remote workers. Recent reports state that stablecoins like USDT, and <a href="https://www.altcoinbuzz.io/?s=usdc" target="_blank" rel="noopener noreferrer nofollow">USDC</a> are mostly used by salary earners to save the value of their earnings. Most Latin Americans use stablecoins to access the US dollars, and hedge against inflation.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.</p>
<p>We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.</p>
<p>Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/binance-now-operational-in-argentina-following-vasp-approval/" rel="noopener noreferrer nofollow">Binance Now Operational in Argentina Following VASP Approval</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Binance Now Operational in Argentina Following VASP Approval

Altcoin Buzz

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