The journey toward regulatory compliance is a top priority for major cryptocurrency exchanges. Binance, a leading global platform, continues to make significant strides in this area. Recently, the exchange secured a permanent license to operate in Kazakhstan and successfully registered as a Financial Service Provider in New Zealand. These developments mark important milestones in Binance’s ongoing effort to build a trusted, compliant global presence.
Understanding Binance’s Compliance Strategy
Binance has long emphasized the importance of adhering to regional and international regulations. Operating in a rapidly evolving industry, the exchange has focused on obtaining licenses, improving security protocols, and collaborating with regulators. This approach aims to foster greater user trust and promote the sustainable growth of the crypto ecosystem.
Recent achievements in both Kazakhstan and New Zealand are testament to Binance's commitment to operating within legal frameworks and offering secure services to users worldwide.
Binance Secures Permanent Operational License in Kazakhstan
On October 6, Binance announced it had received a permanent license from Kazakhstan’s regulatory authorities. This license permits Binance to function as a digital asset platform in the country and provide custody services.
What the Permanent License Means
The granting of a permanent license carries considerable weight. It signifies that Binance is now a fully regulated platform within Kazakhstan, demonstrating the exchange’s strong compliance and security measures. Under this license, Binance is authorized to offer:
- Digital asset trading and conversion
- Deposits and withdrawals of fiat currency
- Cryptocurrency custody services
- Exchange operations
Both individual and corporate users based in Kazakhstan can now register for a Binance account online, with more services expected to be introduced over time.
Gleb Kostarev, Binance’s Head of Asia, stated:
We are pleased to see Kazakhstan’s efforts to become a leading regional hub in digital technologies and the crypto ecosystem. The government has implemented major changes to its legislative and regulatory environment, establishing some of the highest compliance standards for crypto platforms. We are proud to take another step forward in becoming a compliance-focused exchange.
Binance Registers as a Financial Service Provider in New Zealand
In a parallel effort to expand its global compliance footprint, Binance recently registered as a Financial Service Provider in New Zealand. This registration led to the official launch of "Binance New Zealand," which offers a range of services including spot trading, token staking, and NFT access.
This follows earlier registrations and approvals in other jurisdictions, including France, Italy, and Spain.
Why New Zealand Matters
Binance’s entry into New Zealand is strategically important. Although some may see it as a smaller market, the country has a strong history of financial technology innovation and digital adoption.
CZ (Changpeng Zhao), Founder and CEO of Binance, commented:
Registering in New Zealand is of strategic importance to Binance as a decentralized global organization. Many major tech companies have been relatively slow to enter New Zealand, possibly because they perceive it as a small market. However, we see great value in establishing a presence here. New Zealand has a notable history of financial tech innovation and is one of the earliest and fastest-growing digital trading nations globally.
Ben Rose, the newly appointed General Manager of Binance New Zealand, added:
The establishment of Binance New Zealand is a significant event for local investors and those interested in Web3. The presence of a globally leading crypto company not only offers competitive trading fees but also provides access to some of the most exciting product and service innovations in the crypto space.
The Broader Impact of Regulatory Approvals
Regulatory approvals are more than just legal milestones—they signal enhanced security, reliability, and service quality for users. Platforms that undergo rigorous licensing processes often implement stronger consumer protection measures, improved transparency, and advanced risk management protocols.
For the industry as a whole, each new license contributes to the gradual normalization and acceptance of digital assets within traditional financial systems.
👉 Explore secure trading platforms
Frequently Asked Questions
What does a permanent license allow Binance to do in Kazakhstan?
A permanent license authorizes Binance to offer digital asset trading, fiat currency deposits and withdrawals, and custody services within a regulated framework in Kazakhstan.
Can users outside Kazakhstan use Binance’s services there?
Only residents and legal entities based in Kazakhstan can access Binance’s localized services. However, users from other countries can still use Binance’s global platform subject to their local regulations.
Why is Binance expanding into countries like New Zealand?
Despite its size, New Zealand has a innovative fintech sector and high digital adoption rates. Binance’s expansion supports its goal of providing accessible, regulated crypto services worldwide.
How does regulatory compliance benefit users?
Compliance ensures that platforms follow security, transparency, and operational standards. This reduces risk, increases trust, and often leads to better service offerings and consumer protections.
Is Binance regulated in other countries?
Yes, Binance has obtained registration, licenses, or approvals in multiple jurisdictions including France, Italy, Spain, and several other regions.
What services does Binance New Zealand offer?
Binance New Zealand provides spot trading, staking, NFT market access, and other cryptocurrency-related financial services.
Binance’s recent regulatory achievements in Kazakhstan and New Zealand underscore its commitment to operating within legal frameworks worldwide. These steps not only strengthen its global standing but also promote a safer and more reliable environment for users engaging with digital assets.
As regulatory landscapes continue to evolve, Binance’s compliance-focused approach may serve as a model for other platforms in the industry.