News
According to Easy Crypto, the $11.75 million in a Series A funding round may be the largest sum of investment raised in New Zealand for a local start-up.
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New Zealand News
New Zealand is a country in the Pacific Ocean located on two main islands (the North and South Islands) and more than six hundred smaller islands. New Zealand is highly developed in fintech, education and health. New Zealand’s economy has a diverse and high-income economy built on international trade. New Zealand has a large agricultural sector, renewable energy sources and a developed IT and communication infrastructure. New Zealand has no strict Bitcoin regulations. Blockchain-based currencies are totally legal in New Zealand for any kind of lawful activity. New Zealand’s central bank stated that the use of Bitcoin is allowed for any kind of financial operations besides issuing money in a physical form. Fintech in New Zealand is an actively progressing and developing sphere of industry and the country’s government is not willing to prevent its further development.
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The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology.
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“When he told me he had temporary liquidity issues in May, I was glad to help with a short-term loan, but couldn’t get any of my money back since then. Hopefully I can get repaid,” said the plaintiff.
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The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins.
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The theft was first discovered in September and was not yet connected to the crypto exchange going into liquidation the previous year.
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"Techemynt felt it was an ideal time to fill the gap in the market and lead the creation of a NZD-based stablecoin," said Fran Strajnar.
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Power Finance, led by a former PwC partner, plans to launch a New Zealand digital dollar stablecoin early next year.
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The Nasdaq-listed company is moving ahead with its ambitious expansion plan.
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If it's a taxable event, authorities want to know.
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The New Zealand police have recovered $90 million in assets reportedly belonging to the alleged $4 billion launderer Alexander Vinnik.
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Alongside the internet, cryptocurrencies have made the world a global village. Here is a list of countries that are ideal for crypto enthusiasts to live in.
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IBM’s head of blockchain in Australia and New Zealand has shared the firm's outlook for the integration of DLT into supply chain systems.
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New Zealand police flag fraudsters threatening victims with the release of sensitive information about porn consumption if they don’t pay ransom in BTC.
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Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets.
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New Zealand’s financial regulator, the Financial Markets Authority, issued a warning against a suspected Bitcoin investment platform.
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