Crypto Updates

Regulatory Pressure Shakes Dasset Crypto Exchange

New Zealand

Pressure on
cryptocurrency firms does not seem to decrease. Their condition is not helped
by the prolonged consolidation of major assets or the tightening regulatory
screws by governmental financial institutions in the USA and Europe. Problems
are also visible in Australia and New Zealand, where the Dasset exchange has
gone into liquidation, and customers cannot retrieve their funds.

According
to information published yesterday (Monday) by the New Zealand magazine The
Herald
, the country-based exchange has not responded to customer complaints
about the inability to withdraw funds. The problem is believed to affect at
least a few dozen people with up to $40,000 in assets on the platform. The
most affected individual has unsuccessfully tried to recover her money for
three months.

As it turns
out, the company’s CEO and director, Stephen Macaskill, is also elusive.
However, The Herald managed to contact him, and from the text message he
sent, it is clear that Dasset has gone into voluntary liquidation. He added
that the exchange faced banking issues because local regulators in Australia
and New Zealand are pressuring banks not to serve cryptocurrency firms.

The
official company website was still operational yesterday and allowed account
creation. But…

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