Initial coin offers (ICOs) and token events are a form of fundraising where you receive tokens that carry certain rights, such as providing access to a new product or service, or an interest in an underlying asset or project.
Cryptocurrencies are digital tokens available online via exchanges, initial coin offers (ICOs) and token events. If your business is based in New Zealand and you provide a ‘financial service’ related to cryptocurrencies, you need to comply with the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
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