Crypto: Binance expects ubiquity

After making it easier to access cryptocurrencies, Binance only thinks about one thing: global expansion. If the CZ company has succeeded in seducing the French, Italian and Dubai governments, we have just learned that it will also set up in New Zealand.

Binance, registered as a financial services provider in New Zealand

Kia Ora, New Zealand!

We are happy to announce that #Binance has successfully registered as a financial services provider with the New Zealand Ministry of Business, Innovation and Employment, and has officially launched Binance New Zealand. »

It was a smiling Changpeng Zhao who announced the new via a video pinned to Binance’s twitter account. Recognizing the potential of the New Zealand market, and the country’s advances in fintech innovation, the CEO said:

Our team of Binancians in New Zealand are working hard to bring crypto freedom to the land of the Kiwis. »

For clarification, Binance obtained its registration with the New Zealand Ministry of Commerce, Innovation and Employment (MBIE) on September 10th. Thus, the largest crypto exchange in the world will be able to set up a subsidiary there.

It should also be noted that this registration will allow him to carry out activities such as spot trading, staking, NFTs, etc. Also, the local population will be able to easily access the website which is specially intended for them.

After New Zealand, Japan

While others have always snubbed New Zealand for the size of its market, CZ has decided to open an office there. The country is conducive to the adoption of cryptocurrencies. The proof: several bitcoin and cryptocurrency mining facilities are located there.

I guess for some it’s easy to overlook it as it’s a smaller market but we see significant value in having a serious presence in New Zealand “, he specified.

Before the land of the long white clouds, Binance was already more or less authorized to operate in countries like France, Italy, Spain… Recently, the Virtual Assets Regulatory Authority (VARA) of Dubai granted it a Minimum Viable Product (MVP) license. The next stop will be Japan.

It should also be noted that Binance has just carried out a wave of recruitments. Among his new hires is Kraken’s senior vice president of compliance. The perfect profile to address crypto compliance and regulatory issues for Binance.

Binance, which has just been condemned by the central bank of the Netherlands for offering services related to cryptocurrency in its jurisdiction, has learned the lesson. From now on, CZ will make sure to obtain a license, a registration or any other type of authorizations from the 4 corners of the planet.

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