Bitget gains regulatory clearance to operate financial service in New Zealand
- Bitget is now registered as a Financial Services Provider on New Zealand’s Financial Service Providers Register (FSPR).
- Bitget has also joined the New Zealand Insurance and Financial Services Ombudsman (IFSO) Dispute Resolution Scheme.
- The registration adds another layer of support for Bitget’s qq1UEX framework, covering crypto assets, tokenized stocks, commodities, foreign exchange and other financial products in a single platform.
Bitget, the world’s largest Universal Exchange (UEX), has been registered as a Financial Services Provider on New Zealand’s Financial Service Providers Register (FSPR).
The registration supports Bitget’s financial services framework and covers registered service categories, including foreign currency exchange, domestic and cross-border money transfers, client asset custody, portfolio and money management, and the execution of financial product or foreign exchange transactions on behalf of clients.
Bitget expands New Zealand roots
Bitget has also joined the New Zealand Insurance and Financial Services Ombudsman (IFSO) Dispute Resolution Scheme. The independent scheme provides an external channel for eligible customers to raise and resolve disputes relating to participating financial service providers.
The registration forms part of Bitget’s work to build the operational and compliance infrastructure required for its expanding range of financial products, including traditional market instruments, foreign exchange services and tokenized real-world assets.
“Financial platforms need compliance structures that can support a wider mix of assets and services,” said Gracy Chen, CEO at Bitget. “The registration adds another layer to our international financial services framework as the platform continues connecting digital assets with established markets.”
The Universal Exchange model brings crypto assets, tokenized stocks, commodities, foreign exchange and other financial products into a single trading platform. The company continues to develop its services through registered entities and qualified partners across different jurisdictions.
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Hannah Collymore
Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.
