|Nov 14, 2018 08:00 PM||By: Jinia Shawdagor | 1453 Views|
New Zealand has been recognized as one of the stringent countries in the world when it happens to cryptocurrencies. The state even passed a law providing airport officials for accessing your crypto holdings to assess if you would be a danger to the country, and failing to give this knowledge could lead to a hefty fine as well as being banned from entry.
New Zealand's first ICO will be started as of the 23 November 2018.
Issue Wire states that Coingrid will be hitting off their ICO from 23 November until 23 January 2019.
Coingrid reports itself as "NZ's fastest cryptocurrency exchange" which plans to propose $3 million in Ethereum for the ICO. Coingrid has been communicating quickly with local governing bodies to ensure there are no problems with the ICO. Most ICO projects based in New Zealand have registered their concern overseas to avoid dealing with New Zealand's strict access to cryptocurrencies, which have yet to be adequately outlined about laws and regulations.
Coingrid on the opposite hand, have given out to the Financial Markets Authority (FMA) to ensure that they are informed of the ICO and that the FMA does not have any attention surrounding the ICO. Coingrid is also a certified financial service provider in New Zealand and is seeming to break the barrier connecting banks and cryptocurrencies in New Zealand.