New Zealand’s crypto exchange, Dasset, has entered liquidation, locking customers out of their funds. This development raises questions about the security and regulation of the crypto industry. Despite the current turmoil, efforts towards greater global crypto integration continue, exemplified by Binance’s expansion into the New Zealand market.
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Dasset’s Voluntary Liquidation: Does it Haunt Future of Cryptocurrency Exchanges?
Cryptocurrency exchange Dasset is in voluntary liquidation, trapping assets between NZ$3000 and NZ$40,000, leaving hundreds of users unable to access their funds. Dasset didn’t update about the liquidation and new accounts are still being created. Liquidators from audit firm Grant Thornton New Zealand are now securing and safeguarding Dasset’s assets.