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Bitcache and Megaupload founder Kim Dotcom, is determined to resist extradition to the U.S., claiming political persecution and vowing to stay in New Zealand. German-Finnish internet entrepreneur Kim Dotcom, known for his controversial political views, now faces a new challenge…
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New Zealand’s central bank has started exploration into launching a central bank digital currency, with ongoing investigation projected until approximately 2030. The Reserve Bank of New Zealand is now exploring the introduction of a central bank digital currency (CBDC) also…
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Adrian Orr, the governor of the Central Bank of New Zealand, has criticized stablecoins, stating they cannot replace traditional currency and “are not stable.” During a parliamentary finance committee meeting on Feb. 12, Orr described stablecoins, which aim to offer…
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Lygon, a startup backed by major financial institutions, has gone bankrupt. Its debt hovers at around $14.3 million.
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A New Zealand-based crypto exchange Dasset has gone into liquidation. Clients are reportedly unable to reach their accounts. The company’s CEO, Stephen Macaskill, said Dasset applied for voluntary liquidation. However, new users can still register on the website. Advisory firm Grant…
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New Zealand’s central bank is trying to exercise caution in taking a regulatory approach towards crypto and stablecoins, stating that the government is monitoring the development of crypto regulations globally. The Reserve Bank of New Zealand’s (RBNZ) Director of Money…
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Funding rounds gain momentum as Valkyrie launches a new VC fund to support web2.5 projects. New Zealand’s Inflation is at a 3-decade high, while India is considering banning crypto. The crypto bulls continued today. Valkyrie to Create a New Venture…
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On Thursday, the Reserve Bank of New Zealand (RBNZ) announced its consideration to venture into (CBDCs) Central Bank Digital Currencies. CBDCs have taken root in the global economy. The move comes after regulators worldwide move to take hold of the…
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The Reserve Bank of New Zealand is set to conduct public consultations with regard to CBDCs, stablecoins, and other emerging mediums of payment. NZ Catches the CBDC Fever According to an official statement issued on July 7, the Assistant Governor…
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A Christchurch High Court has ruled that over 800,000 users of the now-defunct cryptocurrency exchange platform Cryptopia, are entitled to the digital assets held in their accounts before the hack occurred. Cryptopia Users Win $100M Crypto Assets Court Case According…
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Evidence presented by liquidators from accounting behemoth Grant Thornton suggests that New Zealand crypto exchange Cryptopia failed to comply with anti-money laundering (AML) regulations before suffering a hack back in January 2019. Cryptopia Had Zero KYC/AML Compliance Pre-hack According to…
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New Zealand-based cryptocurrency mining equipment manufacturer Bitharp on September 22, 2019, stated that its two newly released crypto mining rigs – Lyre Miner and Harp Miner – are becoming increasingly popular in terms of return on investment among both, seasoned…
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According to an August 12 press release, TradeWindow, a startup which uses distributed ledger technologies for the trade market, received investment funds from ASB bank, a subsidiary of Commonwealth Bank of Australia. Established Collaboration ASB Bank, a New Zealand’s bank…
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​​Liquidators of dissolved New Zealand-based cryptocurrency exchange, Cryptopia, released its first report on May 31, 2019. The report detailed the current state of the exchange along with its financial status and revealed a liability of over $4 million. $4.22 Million Outstanding…
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Things went from bad to worse for the beleaguered cryptocurrency exchange Cryptopia when it came to light that it had been placed in liquidation after its failed attempts to restart the business. This according to a report by NZ Herald,…
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New Zealand is preparing for the re-introduction of a cryptocurrency pegged to its national fiat currency, the New Zealand dollar (NZD). The digital currency is called the NZDT, (the New Zealand dollar Token) and is issued by the country’s leading…
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