Binance is making bold moves in Argentina.
The crypto exchange has officially launched its full range of services for users in Argentina, marking a significant expansion for the global crypto exchange.
Following its registration as an official crypto service provider with Argentina’s National Securities Commission (CNV), Binance’s mobile app and web platform are now fully accessible to Argentine users.
This move is part of Binance’s broader global strategy, with Argentina being the 20th country where the exchange has secured regulatory approval. Previously, Binance made similar strides in countries like Kazakhstan, India, and Indonesia.
In fact, just a few weeks ago on September 9th, Binance’s subsidiary, Tokocrypto, obtained an official license from Indonesia’s Commodity Futures Trading Regulatory Agency.
Argentina is a key player in Binance’s plans, according to Guilherme Nazar, the company’s head of Latin America.
Nazar emphasized:
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.”
While Binance’s Argentine expansion brings fresh opportunities for crypto enthusiasts, the company has also made headlines for a different reason.
Changpeng Zhao, Binance’s founder and former CEO, was recently released from a United States prison after serving a four-month sentence for Anti-Money Laundering violations.
Despite his release, Zhao faces a lifetime ban from managing or operating Binance, with current CEO Richard Teng taking the reins for the foreseeable future.
Binance’s ambitious growth plans are continuing to unfold, and Argentina is just the latest chapter in its quest for global dominance.
