On September 30, Changpeng Zhao, CEO and founder of Binance exchage, announced via tweet that the exchange has been granted an official authorisation from the regulatory body of New Zealand to open its local branch, Binance New Zealand.
Zhao announced the exchange’s successful registration as a financial service provider in the nation via a video message shared on the Binance Twitter account.
Binance New Zealand will be lead by the Ex-COO of CodeHQ
The Binance New Zealand team will be led by the former Chief Commercial Officer of tech firm CodeHQ Ben Rose. As per the Binance founder, New Zealand can be disregarded as it is a small market. Nevertheless, the nation may take pride in a long history of innovation in the fintech sector.
Binance CEO stated in a blog post, “A lot of big tech companies are slow to open offices in New Zealand. Since it’s a smaller market, I suppose for some it’s simple to overlook, but we see great benefit in having a serious New Zealand presence. With one of the world’s early and fastest adoptions of digital transactions, New Zealand has a very well-known history of fintech innovation.”
Binance anticipates offering the best cryptocurrency services, such as spot trading, NFTs, and staking, to the Kivis.
On September 10, Binance submitted an application for registration with the MBIE. The most recent approval, which comes amid a push from worldwide regulation, improves the exchange’s scores.
The exchange is working harder to give customers the finest service possible while abiding by local laws.
Binance has obtained licences and registrations in a variety of countries in the past few months, including France, Italy, Spain, Canada.
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