#new zealand
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Cryptocurrency Regulations in New Zealand
Cryptocurrency regulation in New Zealand is continuously evolving. Although digital assets are not officially recognized as a form of payment, they are acknowledged as property under tax and financial laws. The nation is actively working towards establishing a clear and secure framework for the digital industry. 
Bankruptcy hits cryptocurrency exchange Dasset
Dasset, a cryptocurrency exchange in New Zealand, has left its users unable to access their holdings. Attempts to log onto the official site redirect customers to the webpage of the law firm Grant Thornton.
A released statement details that Grant Thornton will control the liquidation process of the exchange. It has immediate plans to cooperate with all customers to safeguard all the residual funds.
"Dasset’s management says a significant reduction in asset values and trading levels impacted its ability to trade profitably. It was determined the appointment of liquidators was in the best interests of all stakeholders," Grant Thornton highlighted. Gemini Foundation Launches Non-US Derivatives Platform
Gemini Foundation has launched a non-US derivatives platform for global traders, in a move that follows the recent launch of Coinbase International Exchange. This new platform is now live and available for trading to customers in multiple jurisdictions, including Singapore, Hong Kong, India, Israel, Jersey, New Zealand, and more. 
New Zealand's Central Bank Governor Criticizes Stablecoins
At a parliamentary committee session, New Zealand central bank governor Adrian Orr voiced his skepticism towards stablecoins, labeling them as inherently unstable. He argued that their reliability is solely contingent on the financial reserves of the issuing entity. The governor also dismissed the notion of Bitcoin or any similar cryptocurrency as a viable substitute for fiat money or a store of value. 
AI Meal Plan App Generates Risky Recipes
A New Zealand supermarket’s AI-powered meal planning app has concocted unusual and even hazardous recipes.
Developed by Pak ‘n’ Save, the app was meant to aid customers in creatively using leftover ingredients during the cost of living crisis. However, as users input a wider range of household items, the app offered increasingly questionable recommendations.
Suggestions included a bleach “fresh breath” mocktail, ant-poison and glue sandwiches, “bleach-infused rice surprise,” and “methanol bliss” – a peculiar turpentine-flavored French toast. 1 - 9 of 9 results