New Zealand

Regulation

New Zealand’s Financial Watchdog Warns on Crypto Investment Risks

Sebastian SinclairJan 12, 2021

The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.

New Zealand

Users of Hacked Exchange Cryptopia Can Now Make Claims to Recover Funds

Sebastian SinclairDec 11, 2020

The liquidator of the defunct cryptocurrency exchange has opened a portal so former users can begin making claims to retrieve their trapped funds.

Crime

Cryptopia Exchange, Currently in Liquidation, Gets Hacked Again: Report

Daniel PalmerFeb 20, 2021

The hacked wallet belonged to a creditor, U.S. firm Stakenet, which had not lost funds in the 2019 hack, as reported by Stuff.

Crime

New Zealand Man Charged With Money Laundering via Crypto and Luxury Cars

Sebastian SinclairOct 15, 2020

As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds.

Extortion

New Zealand Stock Exchange Hit Repeatedly by Cybercriminals Demanding Bitcoin

Sebastian SinclairAug 27, 2020

NZX has halted trading for the third day in a row as a result of cybercriminals attempting to extort cryptocurrency.

New Zealand

Money Laundering

New Zealand Police Seize $90M Linked to Alleged BTC-e Exchange Operator

Sebastian Sinclair

The bank funds are said to be linked to Russian Alexander Vinnik, who allegedly ran the defunct crypto exchange BTC-e.

Crime

Crypto Scams Targeting Pacific Communities on the Rise, Say New Zealand Regulators

Sebastian Sinclair

A rise in cryptocurrency and coronavirus investment scams has prompted authorities to launch an awareness campaign.

Cryptopia

Cryptopia Users Win Victory in Court Case Over Crypto Assets Worth Over $100M

Daniel Palmer

In the fallout from a massive hack of the New Zealand cryptocurrency exchange, users at last have a little good news.

Tax

New Zealand Plans to Drop ‘Unfavorable’ Sales Tax Treatment of Cryptocurrencies

Daniel Palmer

New Zealand's Inland Revenue Department is considering how best to change its tax regimen so cryptocurrencies aren't at a disadvantage.

Investment

New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup

Daniel Palmer

ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain.

Tax

New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto

Daniel Palmer

New Zealand's Inland Revenue Department has made it legal to receive salaries in cryptocurrency, and be taxed accordingly.

Law

Hacked Crypto Exchange Cryptopia Files for US Bankruptcy Protection

Yogita Khatri

Cryptopia has filed for bankruptcy protection in the U.S. seeking to preserve vital user data held on servers in Arizona