Auckland-based cryptocurrency exchange Dasset has faced difficulties resulting in customers being unable to access their funds. The company's CEO, Stephen Macaskill, has confirmed that Dasset has entered into voluntary liquidation due to challenges in finding a banking provider After the previous one ceased cooperation in January 2023. Customers have reportedly been struggling to withdraw their funds for several months.
According to Macaskill, Dasset's profitability was negatively impacted by the significant decline in asset values and transaction levels. This prompted the decision to appoint a liquidator, Grant Thornton, to manage the process. While new accounts can still be opened on Dasset, the company's official website now directs visitors to Grant Thornton's announcement page regarding the exchange's liquidation. The liquidator aims to contact both customers and suppliers to manage the situation and secure Dasset's assets.
Meanwhile, New Zealand's Reserve Bank has not yet implemented cryptocurrency-specific regulations, treating digital assets as forms of property and regulating them through existing financial, money laundering, and tax guidelines. As of June 2023, Ian Woolford, the Reserve Bank's Director of Currency and Cash, publicly confirmed that the country does not currently require dedicated cryptocurrency regulations.
