Binance, one of the world’s largest cryptocurrency exchanges, announced that its platform is now fully operational for users in Argentina after officially registering as a Virtual Asset Service Provider (VASP) with the country's National Securities Commission (CNV). This registration marks Binance’s 20th regulatory approval worldwide, following recent milestones in Kazakhstan, India, and Indonesia.

With this development, Argentine users can now access Binance’s full range of services, both through its mobile app and website. Binance’s Latin America head, Guilherme Nazar, emphasized the company's commitment to regulation, stating that Argentina is a key market for the exchange. He added that Binance would work closely with authorities to ensure the secure and sustainable growth of the crypto industry.

The exchange has made compliance a priority, aiming to help establish global standards for user protection. Nazar's comments reflect Binance’s long-term strategy to operate within legal frameworks while contributing to the local and global crypto ecosystem.

However, Binance’s expansion comes at a tumultuous time for the company. Former Binance CEO Changpeng Zhao was recently released from a U.S. prison after serving four months for anti-money laundering violations. Although free, Zhao faces a lifetime ban from managing or operating Binance. His successor, Richard Teng, confirmed the ban earlier this month, signaling a new chapter for the company’s leadership.

As Binance continues its global push, regulatory compliance remains a key factor in its strategy, though challenges still loom for its former CEO.

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