News
New Zealand banned crypto ATMs and set a $5,000 cap on overseas cash transfers in a major step to combat money laundering and financial crime.
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New Zealand News
New Zealand is a country in the Pacific Ocean located on two main islands (the North and South Islands) and more than six hundred smaller islands. New Zealand is highly developed in fintech, education and health. New Zealand’s economy has a diverse and high-income economy built on international trade. New Zealand has a large agricultural sector, renewable energy sources and a developed IT and communication infrastructure. New Zealand has no strict Bitcoin regulations. Blockchain-based currencies are totally legal in New Zealand for any kind of lawful activity. New Zealand’s central bank stated that the use of Bitcoin is allowed for any kind of financial operations besides issuing money in a physical form. Fintech in New Zealand is an actively progressing and developing sphere of industry and the country’s government is not willing to prevent its further development.
- News
Swyftx CEO Jason Titman says he expects to see many new opportunities emerging for the industry in the wake of positive crypto policy changes in the United States.
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Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.
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Crypto service providers who fail to take “reasonable care” to comply with the requirements could be fined between 20,000 and 100,000 New Zealand dollars ($12,000 and $62,000).
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“I love New Zealand. I’m not leaving,” said Bitcache and Megaupload founder Kim Dotcom on X after the New Zealand Justice Minister signed off on a United States extradition order.
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New Zealand’s central bank has taken a four-stage approach to CBDC issuance and aims to issue an in-house digital dollar by 2023.
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Andrew Bayly, the minister of commerce and consumer affairs, warned that New Zealand’s “wait and see” approach could lead to missing out on the benefits of development in the digital asset industry.
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The Australia and New Zealand Banking Group alongside Chainlink Labs collaborated to connect Avalanche and Ethereum blockchain networks for on-chain settlement solutions.
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Reserve Bank of New Zealand Governor Adrian Orr jested during a parliamentary committee meeting on Monday, but Bitcoiners argue there’s truth to his joke.
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Reserve Bank of New Zealand governor Adrian Orr said Bitcoin and stablecoins are neither a means of exchange nor a store of value.
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Easy Crypto launched the aptly named New Zealand Dollar Stablecoin (NZDD) in partnership with an Australian blockchain development firm.
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An independent report prepared for a House committee suggests the government foster the development of digital asset technology and regulate it cooperatively.
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Customers of Auckland-headquartered crypto exchange have been denied access to their funds.
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However, the Reserve Bank of New Zealand also said that crypto and stablecoins should be more closely monitored.
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The images depicting Donald Trump cuddling up to and kissing Anthony Fauci were labeled as being AI-generated on Twitter's disinformation alert feature.
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