The New Zealand Financial Markets Authority singled out BTC as a highly volatile, risky asset, warning individuals they may lose the full value of their investment in a market reversal.
Creditors were now able to log claims via the Cryptopia claims portal, inviting those still owed money since the firm collapsed to register their interest.
There are currently no imminent plans to launch a central bank digital currency in New Zealand, according to a Reserve Bank of New Zealand senior executive.
Ebang has announced an interest in acquiring a New Zealand financial company and to set up a digital asset financial services company.
Firms are requested to turn over their customers’ personal details and the type and value of their digital currency holdings for tax purposes.
The Auckland-based exchange said it was carrying BSV with immediate effect, offering up BSV/NZD and BSV/BTC trading pairs via its platform.
Alexander Vinnik is accused of laundering billions of dollars via BTC-e exchange since 2011.
Scammers have been keen to target the Pacific communities in New Zealand, according to the Financial Markets Authority.
In a precedent setting case for New Zealand law, the judge described digital currency as “property.”
The financial markets regulator in New Zealand has warned against Profit Bitcoin, a company it believes has all the hallmarks of a scam. It promises $13K a day.
The country´s financial regulator believes the company is operating a digital currency-based scam.
A change in the tax rules could avoid double taxation currently found with some crypto activity.
