Binance is now also 100% available and usable in Argentina, after the platform became VASP in the country.
Binance, the world's leading cryptocurrency exchange, is now fully available in Argentina. The formalisation follows the platform's incorporation into the registry of virtual asset sevice providers (VASPs) operating within the South American country's borders. This is Binance's 20th registration with a national regulatory body. It was only in September that the site and its subsidiaries began operations in Indonesia, India and Kazakhstan.
An Expansion Spreading Like Wildfire
The announcement of Binance, which had been expected for a few days, arrived on 2 October. Argentine users, who were already able to access the site but not use it 100 per cent, due to legal restrictions caused by the operator's inability to act with the privileges of a VASP on the national territory, are now free to enjoy the full suite of services offered by the platform as they see fit.
#Binance marks its 20th global regulatory milestone with registration in Argentina.
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.
This was communicated by Guilherme Nazar, the head of Binance for Latin America, emphasising the possibility of connecting to the site and the app without any limits. Among other statements made on the sidelines of the announcement, the company's position was particularly striking, as it was fully in favour of a forward-looking regulation of its business, and showed that it has no problem with requesting all the necessary authorisations to proceed in the countries where it operates.
The company was not irritated by the obligation to wait for the green light to proceed, but rather stated that it believes that complying with all the rules is the best way to ensure proper operations, in every part of the world. Of course, we do not know whether she actually thinks this way. What is certain, however, is that at Binance they take good care of their public relations; proof of this is the enthusiasm that drives this veritable sprawling expansion they are experiencing.
Creating New Markets
According to Nazar, Argentina is a very important market for the Binance infrastructure. Its citizens are indeed great users of technology and remain open to new things:
"Argentines are knowledgeable about technology. They willingly test all innovations that help meet their concrete needs and have proven to be thirsty for tools that allow them to use cryptocurrencies in their daily lives."
The exchange's market analysis ranks the country as one of the markets with the highest growth potential for cryptocurrency adoption. The government itself is reportedly studying ways to incorporate these digital assets into its financial ecosystem, so as to broaden the tight grip of inflation. It is therefore indeed an interesting market for those operating in the crypto sector.
Binance wants to continue to grow
Binance's expansion does not surprise anyone. We are talking about the world's leading crypto exchange operator, and it is only natural that it wants to grow, expanding into all the most fertile markets, such as those in Asia and South America where, not surprisingly, it is just now entering. Of course, in order to be able to amortise the investments necessary to collect authorisations and add sections dedicated to new exchanges and languages on the site (not to mention the technical costs necessary to keep the entire system alive and functional), it is necessary to have a good response from users. Binance's market research says that, as of today, the pool of interest is such that it allows them to do just that.
To follow all the latest news and trends related to the Web3 and cryptocurrency world, subscribe now to the SpazioCrypto newsletter.
Binance, the world's leading cryptocurrency exchange, is now fully available in Argentina. The formalisation follows the platform's incorporation into the registry of virtual asset sevice providers (VASPs) operating within the South American country's borders. This is Binance's 20th registration with a national regulatory body. It was only in September that the site and its subsidiaries began operations in Indonesia, India and Kazakhstan.
An Expansion Spreading Like Wildfire
The announcement of Binance, which had been expected for a few days, arrived on 2 October. Argentine users, who were already able to access the site but not use it 100 per cent, due to legal restrictions caused by the operator's inability to act with the privileges of a VASP on the national territory, are now free to enjoy the full suite of services offered by the platform as they see fit.
This was communicated by Guilherme Nazar, the head of Binance for Latin America, emphasising the possibility of connecting to the site and the app without any limits. Among other statements made on the sidelines of the announcement, the company's position was particularly striking, as it was fully in favour of a forward-looking regulation of its business, and showed that it has no problem with requesting all the necessary authorisations to proceed in the countries where it operates.
The company was not irritated by the obligation to wait for the green light to proceed, but rather stated that it believes that complying with all the rules is the best way to ensure proper operations, in every part of the world. Of course, we do not know whether she actually thinks this way. What is certain, however, is that at Binance they take good care of their public relations; proof of this is the enthusiasm that drives this veritable sprawling expansion they are experiencing.
Creating New Markets
According to Nazar, Argentina is a very important market for the Binance infrastructure. Its citizens are indeed great users of technology and remain open to new things:
The exchange's market analysis ranks the country as one of the markets with the highest growth potential for cryptocurrency adoption. The government itself is reportedly studying ways to incorporate these digital assets into its financial ecosystem, so as to broaden the tight grip of inflation. It is therefore indeed an interesting market for those operating in the crypto sector.
Binance wants to continue to grow
Binance's expansion does not surprise anyone. We are talking about the world's leading crypto exchange operator, and it is only natural that it wants to grow, expanding into all the most fertile markets, such as those in Asia and South America where, not surprisingly, it is just now entering. Of course, in order to be able to amortise the investments necessary to collect authorisations and add sections dedicated to new exchanges and languages on the site (not to mention the technical costs necessary to keep the entire system alive and functional), it is necessary to have a good response from users. Binance's market research says that, as of today, the pool of interest is such that it allows them to do just that.
To follow all the latest news and trends related to the Web3 and cryptocurrency world, subscribe now to the SpazioCrypto newsletter.
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