Tag New Zealand

New Zealand bans Crypto ATMs to tackle money laundering

New Zealand bans Crypto ATMs to tackle money laundering

Key Takeaways In a significant development, New Zealand has announced that it will ban crypto ATMs and introduce a $5,000 limit on international cash transfers, in what officials describe as a targeted move to combat criminal money flows. The policy…

New Zealand Man Indicted in $265M Global Crypto Scam

New Zealand Man Indicted in $265M Global Crypto Scam

Key Takeaways A man from Wellington, New Zealand has been arrested by the FBI for his alleged involvement in $260 million crypto theft. According to the authorities, the scam led to the theft of $450 million New Zealand dollars, between…

Bankrupt Cryptopia Begins $225M Crypto Reimbursement

Bankrupt Cryptopia Begins $225M Crypto Reimbursement

Key Takeaways Cryptopia, the defunct New Zealand-based crypto exchange, has commenced the long-awaited process of returning approximately NZ$400 million (about $225 million USD) in digital assets to 10,000 verified account holders.  The exchange entered liquidation in 2019 after a devastating…

CoinCodeCap WeekInFocus: September 1, 2024

CoinCodeCap WeekInFocus: September 1, 2024

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