{"id":56663,"date":"2023-08-15T09:33:03","date_gmt":"2023-08-15T13:33:03","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=56663"},"modified":"2023-08-15T09:33:06","modified_gmt":"2023-08-15T13:33:06","slug":"crypto-exchange-dasset-faces-liquidation","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-exchange-dasset-faces-liquidation\/","title":{"rendered":"Crypto Exchange Dasset Faces Liquidation"},"content":{"rendered":"\n

Dasset, a cryptocurrency exchange<\/a> based in Auckland, New Zealand, have denied customers access to their funds, and a company representative has confirmed the exchange's liquidation.<\/p>\n\n\n\n

\"\"
Crypto Exchange Dasset Faces Liquidation<\/figcaption><\/figure>\n\n\n\n

The Herald, a local news source, reported the exchange's difficulties on August 14. According to the report, some consumers have attempted to withdraw their funds for months.<\/p>\n\n\n\n

Stephen Macaskill, the company's chief executive officer, explained to journalists that Dasset needed to locate a new banking provider after its previous provider ceased working with the exchange in January 2023.<\/p>\n\n\n\n

Additionally, Macaskill disclosed that the company had initiated voluntary liquidation. However, creating a new Dasset account is still possible, and there was no mention of liquidation <\/a>on the company's official Twitter or Instagram accounts.<\/p>\n\n\n\n

The link to Dasset's official website now redirects to the page announcing the exchange's liquidation by the law firm Grant Thornton. The following firm was appointed liquidator:<\/p>\n\n\n\n

\n

\u201cDasset\u2019s 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.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Grant Thornton plans to contact Dasset's customers and suppliers in the coming days and pledges to continue focusing on “securing and protecting” the company's assets.<\/p>\n\n\n\n

Ian Woolford, director of money and currency at the Reserve Bank of New Zealand\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, stated publicly in June 2023 that the country still does not require a regulatory approach to cryptocurrencies. <\/p>\n\n\n\n

Current laws recognize digital assets as property and regulate them via non-crypto-specific financial, anti-money laundering, and tax regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dasset, a cryptocurrency exchange based in Auckland, New Zealand, have denied customers access to their funds, and a company representative has confirmed the exchange’s liquidation. The Herald, a local news source, reported the exchange’s difficulties on August 14. According to the report, some consumers have attempted to withdraw their funds for months. Stephen Macaskill, the […]<\/p>\n","protected":false},"author":12,"featured_media":56670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[1406,15842,1966],"class_list":["post-56663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-crypto-exchange","tag-dasset","tag-liquidation"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-43.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/56663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=56663"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/56663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/56670"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=56663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=56663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=56663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}