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Binance Officially Launches Crypto Exchange in New Zealand Following Regulatory Approval

News Feed - 2022-10-01 01:10:52

Binance Officially Launches Crypto Exchange in New Zealand Following Regulatory Approval


Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant value in having a serious New Zealand presence,” said Binance CEO Changpeng Zhao (CZ). Binance Launches Crypto Trading Platform in New Zealand


Global crypto exchange Binance announced Friday that it has successfully registered as a financial service provider with the New Zealand Ministry of Business, Innovation and Employment (MBIE). The crypto exchange also announced the official launch of Binance New Zealand (Binance NZ).


Noting that the registration was actually effective on Sept. 10, the company detailed: This registration allows Binance NZ to offer a range of financial services, including spot trading, staking, NFTs and more.


Binance CEO Changpeng Zhao (CZ) commented: “A lot of major tech firms are slow to open a New Zealand office. I guess for some, it’s easy to overlook as it’s a smaller market but we see significant value in having a serious New Zealand presence.” The executive continued: The history of fintech innovation in New Zealand is very well known, with one of the earliest and most rapid uptakes of digital transactions in the world.


“We see New Zealand as a bit of a pioneer, so from that perspective, I think there’s a lot to be learned here with our local team working with Kiwis to envisage the future of currency, transactions and the web,” Zhao further opined.


Binance has been expanding globally, including in Dubai, Kazakhstan, Romania, Spain, Brazil, Italy, and France. The company is also reportedly trying to reenter the Japanese crypto market after exiting it four years ago. Meanwhile, the crypto exchange is seeing a record increase in the number of Indian users after the government started imposing a new crypto tax.


The company has made regulatory compliance one of its top priorities. Last week, Binance created a global advisory board to tackle regulatory challenges. Tags in this story Binance, Binance New Zealand, Binance New Zealand launch, Binance New Zealand license, Changepeng Zhao, Changpeng Zhao, CZ, New Zealand


What do you think about Binance launching a crypto trading platform in New Zealand? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals EXCHANGES | 3 days ago Digital Neobank Nubank Reaches 70 Million Customers in Latam; Almost 2 Million Have Purchased Crypto EXCHANGES | 4 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUS Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans Next articleLatest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report Unveils Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework


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