Binance Scores Regulatory Victory in New Zealand

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Last updated Sep 30, 2022

The chief executive officer of the Binance crypto exchange confirmed that the exchange is now excited to offer crypto services in New Zealand’s crypto industry.

Binance is a popular crypto exchange. Due to better and secured crypto services, exchange ranks first in the crypto space in terms of 24 hours of global crypto trading volume on this platform.

On September 30, Changpeng Zhao, CEO and founder of Binance, informed his Twitter followers that Binance in New Zealand has received regulatory approvals to provide crypto financial services.

Via the video clip attached in the Twitter post, Zhao said New Zealand is an interesting digital asset market with a strong history of fintech innovation. Furthermore, he said that the Binance team in New Zealand is working hard to provide better services to the crypto investors.

“Our team of Binancians in New Zealand are working hard to bring the freedom of crypto to Kiwis,” said Zhao.

In recent months, Binance has successfully received regulatory approvals in France, Italy, Spain, Dubai, Abu Dhabi and Bahrain.

Binance (BNB) ecosystem

Binance Exchange has its own crypto ecosystem, where people can trade with their crypto assets in centralized (Binance) and decentralized (Trust wallet) media. Binance Exchange operates its blockchain network (Binance Smart Chain or say BSC).

BNB is the native token of the BSC network and the current price of the BNB Coin is $287, which is only 2% higher than the trading price of the past 24 hours.

Binance CEO owns only Bitcoin & BNB, once in an interview he revealed his small crypto holding details and said he has no other meme or any smart contract blockchain asset.

Also Read: Swiss Central Bank Official Says CBDC Can Play Better Role In Defi Than Stablecoins

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