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TagsWhat are the requirements for Binance to operate legally in New Zealand?
Milos VrsajkovicDec 15, 2021 · 3 years ago1 answersCan you provide a detailed explanation of the legal requirements that Binance needs to fulfill in order to operate in New Zealand? What licenses or registrations are necessary?
1 answers
- As an expert in the field, I can confirm that Binance needs to meet certain legal requirements to operate in New Zealand. These requirements include obtaining the necessary licenses and registrations from the relevant authorities. Binance would need to register with the Financial Markets Authority (FMA) and comply with the country's AML/CFT regulations. It is essential for Binance to have robust KYC and CDD procedures in place to prevent money laundering and ensure the security of their platform. By meeting these requirements, Binance can establish a trustworthy presence in the New Zealand market.Dec 15, 2021 · 3 years ago
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