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Binance has been registered in New Zealand as a financial services provider with the Ministry of Business, Innovation and Employment. A local office was also opened by the world’s biggest cryptocurrency exchange. Binance has registered with New Zealand’s Ministry of Business, Innovation and Employment, allowing it to set up a local office.

Changpeng Zhao, CEO of the cryptocurrency exchange (CZ), stated in a statement that New Zealand is seen as a pioneer.

Binance gains registration in New Zealand

Binance purchased the registration on Sept. 10 and it will cover NFTs spot trading, staking, and NFTs. The local website is live and available to New Zealand residents.

New Zealand’s central banking stated last year it would hold public consultations on digital assets, including bitcoin, stablecoins, and central bank digital currencies.

Binance has been registered locally with financial authorities all over the world, including France, Italy, and Spain.

The Dutch central bank recently fined EUR3.3million (now approximately $3.2 million) for providing crypto services to the country without registration. Binance claimed last year that it was planning for registration in the European nation. It was fined EUR3.3 million (now about $3.2 million) by The Netherlands’s central bank for providing crypto services in the country without registration.

The post Binance Pushes Further Overseas and Set’s up Base in New Zealand first appeared on The Daily Encrypt.


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Angie Byrd