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Which regulatory body in New Zealand grants licenses to cryptocurrency exchanges like Binance?

avatarJulio MichelDec 26, 2021 · 3 years ago3 answers

Can you tell me which regulatory body in New Zealand is responsible for granting licenses to cryptocurrency exchanges like Binance? I'm curious to know the authority that oversees the operations of such exchanges in the country.

Which regulatory body in New Zealand grants licenses to cryptocurrency exchanges like Binance?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    In New Zealand, the regulatory body responsible for granting licenses to cryptocurrency exchanges like Binance is the Financial Markets Authority (FMA). The FMA ensures that these exchanges comply with the necessary regulations and guidelines to protect investors and maintain the integrity of the financial system. It plays a crucial role in monitoring and supervising the activities of cryptocurrency exchanges operating in New Zealand.
  • avatarDec 26, 2021 · 3 years ago
    The regulatory body in New Zealand that grants licenses to cryptocurrency exchanges like Binance is the Financial Markets Authority (FMA). They are responsible for overseeing the operations of these exchanges and ensuring that they adhere to the country's financial regulations. The FMA works to protect investors and maintain the stability and transparency of the cryptocurrency market in New Zealand.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to granting licenses to cryptocurrency exchanges like Binance in New Zealand, the regulatory body in charge is the Financial Markets Authority (FMA). The FMA is responsible for regulating and supervising these exchanges to ensure they operate in compliance with the country's financial laws. By granting licenses, the FMA aims to foster a secure and transparent environment for cryptocurrency trading in New Zealand.