Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and expressed his affection for New Zealand. He is accused by the U.S. of…
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New Zealand’s central bank governor, Adrian Orr, raised concerns about the stability of cryptocurrencies, particularly stablecoins, during a parliamentary committee meeting on Monday. He criticized these tokens as “misnomers” and “oxymorons,” highlighting their vulnerability to traditional financial turmoil and potential to disrupt real-world markets, Bloomberg reported. Stablecoins are designed to maintain a consistent value, often…
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Easy Crypto launched the aptly named New Zealand Dollar Stablecoin (NZDD) in partnership with an Australian blockchain development firm. A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys. In a Nov. 22 announcement, Labrys and Easy Crypto said the NZDD…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: 5-Country Joint Advisory Report Warns About Russian Malware Targeting Crypto Users, IBM Shares 5 Points for Success of Digital Euro Read more »Sign up for e-EUR – the…
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Stakeholders in New Zealand are advocating for a gradual and meticulous strategy in regulating the crypto industry in the country. On the other hand, Singapore is embracing a proactive and comprehensive regulatory stance toward stablecoins…. Read More: New Zealand is ‘Cautious’ on Crypto While Singapore Takes Proactive Approach to Regulate Stablecoins Read more »Sign up…
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An independent report prepared for a House committee suggests the government foster the development of digital asset technology and regulate it cooperatively. While the cry for crypto regulation is becoming ever louder in much of the world, and regulation by enforcement is a controversy, a report prepared for the New Zealand Parliament has recommended a…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: ETFs ‘May Account for 10%’ of BTC Market Value in 3 Years, Jacobi Lists Europe’s 1st Spot Bitcoin ETF, Binance Asks for Protective Order Against the US SEC,…
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Customers of Auckland-headquartered crypto exchange have been denied access to their funds. Customers of Auckland, New Zealand-headquartered crypto exchange Dasset have been denied access to their funds, and the company’s representative has revealed the beginning of its liquidation. On Aug.14, local media outlet The Herald reported on the exchange’s troubles. According to the report, some customers…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Mastercard to Start Testing Its Multi-Token Network This Summer, OKX’s Liquid Marketplace Exceeds $3BN in Trading Volume, Binance’s Institutional Clients Remain Optimistic on Crypto Read more »Sign up…
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However, the Reserve Bank of New Zealand also said that crypto and stablecoins should be more closely monitored. The New Zealand central bank is ramping up its monitoring of stablecoins and crypto-assets following public submissions but has stopped short of calling for a regulatory approach. Ian Woolford, the Reserve Bank of New Zealand’s director of…
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