Binance has obtained permission to set up a local office by registering with the New Zealand Ministry of Business, Innovation and Employment (MBIE).
Binance CEO Makes a Statement on the Subject
world’s largest cryptocurrency Exchange CEO Changpeng Zhao (CZ) said in a statement:
“We see New Zealand as a pioneer, from that perspective, I think there is a lot to learn here with our local team working with Kiwis to predict the future of currencies, transactions and the web.”
The registration that Binance achieves will cover activities such as NFTs, spot trading and staking. The local website is now live for New Zealand residents.
The Reserve Bank of New Zealand said last year that it would hold public consultations on issues including digital assets such as Bitcoin, stablecoins and central bank digital currencies (CBDCs).
Binance registers locally with financial authorities around the world, including France, Italy, and Spain.
The company was recently fined €3.3 million by the Dutch central bank for offering crypto services without registration in the country.
Binance said last year that it plans to apply for a license in this European country and confirmed that it is in the process of applying for a license after being fined.
in 2021 bitcoin With the spread of cryptocurrencies and cryptocurrencies, many regulators began to demand that exchanges abide by their own rules.
*Not investment advice.
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