SFO closes investigation into cryptocurrency trading platform Digital Asset Exchange Ltd
The Serious Fraud Office has closed its investigation into New Zealand-based cryptocurrency trading platform Digital Asset Exchange Ltd (trading as Dasset).
The SFO commenced its investigation in December 2023 following a referral from the Financial Markets Authority (FMA).
Following its investigation, the SFO has determined that there is insufficient evidence to support charges of serious or complex fraud.
The SFO notes that cryptocurrency remains a high-risk, unregulated investment. Anyone considering investing in cryptocurrency should familiarise themselves with the FMA’s advice(external link).