Tagged: financial market authority

Financial Markets Authority Publishes First Statistical Report on Peer-to-Peer Lending & Crowdfunding in New Zealand

On Monday,  Financial Markets Authority (FMA) today published its first statistical report on peer-to-peer lending (P2P) and crowdfunding in New Zealand. The organization described the report as a snapshot of P2P and crowdfunding activity in New Zealand for the year ended June 30, 2017. It was revealed: “The… Read More

New Zealand Clarifies Stance on ICOs, Cryptocurrencies as FMA Publishes Commentary: “All tokens or cryptocurrencies are securities under the FMC Act”

The New Zealand Financial Markets Authority (FMA) is out with a statement on both cryptocurrencies and Initial Coin Offerings (ICO). New Zealand, a relatively small country that has been fairly supportive of Fintech, stated it wants to “facilitate responsible innovation, and ensure that the regulatory… Read More

New Zealand Welcomes Equity Crowdfunding as Snowball Effect Offers Shares in Renaissance Brewing

Snowball Effect is the first equity crowdfunding platform to offer shares in a New Zealand business and they started off with a jump as Renaissance Brewing offered interested investors the chance to own shares in their craft Brewery. Hardy Michel from Snowball Effect said in… Read More

New Zealand’s FMA Ready to Grant The First Licenses to Equity Crowdfunding Platforms

With entrepreneurs continuing to wait to take advantage of equity crowdfunding in various countries, New Zealand’s Financial Market Authority (FMA) announced some exciting news about the funding option. In a report by Stuff, FMA spokesperson Andrew Park declared the financial regulator is ready to grant… Read More

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