Tagged: fma

Austria Slams Brakes on Crypto Miner INVIA GmbH

The Financial Market Authority (FMA) in Austria is seeking to shut down cryptocurrency miner INVIA GmbH based in Vienna. According to a note published on the FMA site, the regulator has prohibited the business model of the company on the grounds of “the suspicion of… Read More

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 & Australia Recommit to Collaborate on Fintech

The Financial Markets Authority (FMA) in New Zealand and the Australian Securities and Investments Commission (ASIC) have re-affirmed their collaboration on the expanding opportunities in Fintech innovation. The two agencies originally entered into a Memorandum of Understanding (MOU) back in 2012. Since that time, much… Read More

PledgeMe Receives FMA Approval For Upcoming Peer-to-Peer Lending Platform

On Thursday, co-founder and CEO of PledgeMe, Anna Guenther, announced the New Zealand-based crowdfunding portal has received approved by the Financial Markets Authority (FMA) to launch its very own peer-to-peer (P2P) lending platform, PledgeMe. L Guenther stated: “We’re very excited to have completed this important step towards… Read More

Equitise Joins with Syndex to Create Secondary Market for Crowdfunded Securities

Equitise, operating in Australia and New Zealand, has partnered with Auckland-based Syndex to create a secondary market to trade crowdfunded securities. The “Trans-Tasman” market is said to deliver “a new degree of maturity and sophistication to the nascent crowdfunded equity market in New Zealand”.  … Read More

FMA Issues Crowdcube New Zealand its Crowdfunding License

Financial Market Authority issued an equity crowdfunding license offered to a funding portal Crowdcube New Zealand today. The announcement was not unexpected as the investment crowdfunding was recently legalized in New Zealand  and Wellington-based Armillary Private Capital partnered with Crowdcube earlier this year to offer equity crowdfunding to investors… 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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