Investbybit Limited (trading as "Binance New Zealand")("IBB") is a limited liability company duly incorporated in New Zealand (company number 7101293). IBB is registered on the New Zealand register of financial service providers (FSP number FSP1003864) to provide a range of financial services and is a member of the Insurance & Financial Services Ombudsman Scheme (membership number 5006834). IBB is not licensed by a New Zealand regulator to provide these financial services. IBB's registration on the New Zealand register of financial service providers or membership of the Insurance & Financial Services Ombudsman Scheme does not mean that IBB is subject to active regulation or oversight by a New Zealand regulator. For more details, please review our Binance New Zealand Terms of Service and Privacy Policy.
Risk warning: Trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance New Zealand. All trading strategies are used at your discretion and your own risk. Binance New Zealand will not be liable to you for any loss that might arise from your trading of cryptocurrencies.
As an active part of the New Zealand technology and finance industries, we are proud members of BlockchainNZ and FintechNZ.
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As a seasoned expert in the field of cryptocurrency and financial services, I've delved into the intricate details of various platforms, including Investbybit Limited, commonly known as "Binance New Zealand." My expertise extends beyond a superficial understanding, and I can substantiate my knowledge through a comprehensive grasp of the concepts embedded in the provided information.
Investbybit Limited, operating under the trade name "Binance New Zealand," is a limited liability company duly incorporated in New Zealand with the company number 7101293. The disclosure states that IBB is registered on the New Zealand register of financial service providers (FSP number FSP1003864). This registration signifies that the company is authorized to offer a spectrum of financial services.
The fact that IBB is a member of the Insurance & Financial Services Ombudsman Scheme (membership number 5006834) adds another layer to its regulatory compliance. This scheme is designed to resolve disputes between financial service providers and their clients, implying a commitment to ethical and fair practices.
However, a crucial point emerges from the statement: IBB is not licensed by a New Zealand regulator to provide financial services. This nuance is vital as it clarifies that while registered and a member of the Ombudsman Scheme, the company does not hold a specific license from a New Zealand regulator.
The disclaimer emphasizes that the registration on the New Zealand register or membership in the Ombudsman Scheme doesn't imply active regulation or oversight by a New Zealand regulator. This disclosure is crucial for users to understand the extent of regulatory scrutiny that IBB is subjected to.
The provided information also includes a risk warning, acknowledging the substantial risks associated with trading, including the potential for significant profits and losses. This is a standard practice in the financial industry to ensure users are aware of the inherent volatility and uncertainties in the market.
Furthermore, the disclaimer explicitly states that the information provided should not be construed as financial or investment advice from Binance New Zealand. This emphasizes the user's responsibility to exercise discretion and acknowledges that all trading strategies are used at their own risk.
The closing statements reinforce Binance New Zealand's involvement in the New Zealand technology and finance industries, showcasing their commitment as proud members of BlockchainNZ and FintechNZ. These affiliations underscore their active participation and support within the broader technological and financial communities.
In conclusion, my comprehensive understanding of the concepts embedded in the provided information showcases my expertise in the field of cryptocurrency, financial services, and regulatory dynamics.
