Binance gained access to open a local office in New Zealand soon, as the cryptocurrency exchange successfully registered with the country’s Ministry of Business, Innovation and Employment (MBIE).

Binance acquired the registry on Sept. 10, allowing the cryptocurrency firm to trade non-fungible tokens (NFTs), spot trading, and staking.

“We see New Zealand as a bit of a trailblazer, so from that perspective I think there’s a lot to learn here with our local team working with Kiwis to envision the future of currency, transactions and the web,” Binance CEO said. , Changpeng. Zhao (CZ) said in a statement.

New Zealand residents can now also access the local Binance website.

Talks on digital assets began in the country last year when the central bank said it would participate in public consultations on the topics related to cryptocurrencies, such as bitcoin, stablecoins and central bank digital currencies (CBDCs).

In addition to New Zealand, Binance is in the process of registering locally with financial authorities around the world. Countries like France, Italy and Spain have already registered Binance.

In Asia, Binance’s recent target has been Japan.

Japan’s crypto policy easing has enticed Binance to apply to re-enter the island nation after failing to do so four years ago due to strict measures, according to Bloomberg.

Japanese Prime Minister Fumio Kishida’s plan to modernize the economy has spurred the growth of Web3 companies as it has become one of his key agendas as the country’s leader. Therefore, Binance has been seeking an operating license in the nation to enhance the growth and adoption of cryptocurrencies.

However, Binance was recently fined €3.3 million (now about $3.2 million) by the Dutch central bank for providing crypto services in the country without registering.

The cryptocurrency exchange said last year that it planned to apply for registration in a European country. He has also confirmed after being fined that he was in the process of applying for registration there.

In one of the company’s major developments recently, it launched an inaugural cryptocurrency-sponsored vacation called cryptotourism aimed at illustrating simple, safe, and efficient travel on Web 3.0, according to Blockchain.News.

Per Binance’s announcement: “To demonstrate what’s possible when you forgo traditional currency and travel the world exclusively using crypto, Binance has partnered with leading travel influencers Lauren Bullen and Jack Morris.”

Binance’s campaign intends to show that crypto-backed travel is no longer complicated while exploring the world. Shortlisted participants will have the opportunity to walk away with $50,000 worth of Binance Coin (BNB).

Furthermore, it seeks to renew the travel industry as it continues to rise to the challenges, such as geopolitical conflict, market volatility and the Covid-19 pandemic.

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