Former PwC partner to launch New Zealand ‘Power Dollar’ stablecoin
Power Finance, led by former PwC partner, plans to launch a New Zealand digital dollar stablecoin early next year. New Zealand-based financial services company Power Finance plans to launch what it’s calling a “world-first” digital version of the New Zealand dollar. Set to launch early next year, the digital currency will employ Distributed Ledger Technology.The ‘Power Dollar’ is not government backed however and is more akin to a stablecoin like Tether than a true digital dollar. It is being set up privately and will be backed one-for-one by New Zealand dollars held by Inland Revenue (IR)....
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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. Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar.In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and deployed on the Ethereum blockchain by Blockchain Labs. Techemynt is a registered financial service provider with the country’s major financial watchdog, the Financial Markets Authority.The firm....
Kim Dotcom wants to launch a cryptocurrency in New Zealand. This was found on his political party's website. Remember Kim Dotcom? This German-Finnish entrepreneur made headlines in the past as the founder of Megaupload, a website where it was easy to put up illegal content for download. After some time arguing with authorities, he has now returned and loves to shine his light on recent technological developments. Guess what, he loves cryptocurrencies. The Internet Party. Kim Dotcom founded a political party in New Zealand, called The Internet Party. Even though The Internet Party is....
After the demise of one of its flagship exchanges, New Zealand has this week welcomed the launch of a new service, BitPrime. The move comes just six weeks after bitNZ, an exchange operating in New Zealand since 2011, was forced to close after its bank refused to serve it any longer. “Bitcoin is a fairly new concept for most people, so we want to make it an accessible form of investment for everyday New Zealanders,” BitPrime CEO Geoffery Palmer said in an accompanying press release Tuesday. “With interest rates being so low investors are looking for better returns in different asset....
New Zealand's bitNZ will be shutting down after its banking partner declined to open bank accounts for the platform. Bitcoin is the most popular cryptocurrency of all times. Since its inception, the use of Bitcoin has skyrocketed, and people from all corners of the world now utilize it for trading and making transactions. However, the adoption lacks uniformity and then there are various regulations and dependencies that make it hard for Bitcoin-related businesses to sustain themselves. A New Zealand based cryptocurrency portal has become the prime example of such challenges faced by....
Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant value in having a serious New Zealand presence,” said Binance CEO Changpeng Zhao (CZ).
Binance Launches Crypto Trading Platform in New Zealand
Global crypto exchange Binance announced Friday that it has successfully registered as a financial service provider with the New Zealand Ministry of Business, Innovation and Employment (MBIE). The crypto exchange also announced the official launch of....