In May 2017, New Zealand’s largest cryptocurrency exchange Cryptopia launched the first crypto token NZDT, the rate of which is pegged to the New Zealand dollar. Cryptoactive was created so that investors could securely access the banking system of New Zealand and trade in digital currencies.
After the launch, the price of the cryptocurrency soared, but already at the end of 2017, Cryptopia withdrew the token from circulation, as the bank servicing the stock exchange was preoccupied with the issue of regulation.
Now, almost a year later, the exchange began to cooperate with a small bank and is ready to restart the use of NZDT in the first quarter of 2019. At the same time, Cryptopia is negotiating with the government and regulatory authorities to achieve a positive outcome.
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