Binance receives new regulatory approval in New Zealand

Crypto-exchange platform Binance has obtained a registration license from New Zealand authorities and has also established a local entity in the country.

This latest development comes shortly after Binance revealed its intention to re-enter the Japanese market after four years, in line with the country’s relaxed crypto regulatory framework.

Binance, meanwhile, continues to work with various regulators to expand its presence globally. The crypto exchange recently received a minimum viable product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). Earlier this year, Binance obtained a virtual asset license to serve accredited investors and professional financial services providers.

Binance CEO Changpeng Zhao said:

“New Zealand is an exciting market with a strong history of fintech innovation, and our team of Binancians in New Zealand are working hard to bring the freedom of crypto to Kiwis.”

Binance continues to work with various regulators to expand its presence globally. The crypto exchange recently received a minimum viable product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). Earlier this year, Binance was granted a virtual asset license to serve accredited investors and professional financial services providers.

The exchange giant also received approval in principle from regulators in Kazakhstan and other regulatory approvals in France, Italy and Spain.

According to Binance, residents of the country will have access to a range of financial services, including spot trading, staking and NFTs.