1 December 2020
The Currency system is under review by the NZ government FMA to get a clear difinition of weather this system is a currency or a security.
This question has to be answered at a request from the RBNZ as part of the overall assessment and compliance process. Once the written response from the NZ FMA is recieved a further update will be posted.
18 March 2020
The system design is completed and is moving onto the next stage. It is accessable by invitation only. It has a unquie verification protocol and is not connected directly to the money markets or the USD.
Posted: Thu 27 Feb 2020