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New Zealand’s ASB Bank Owns 21% in TradeWindow Following $1.7M Round

News New Zealand’s ASB Bank, owned by Commonwealth Bank of Australia, has participated in a new $1.7 million funding round by blockchain startup TradeWindow. The startup provides a software-as-a-service supply chain solution to create a “single trading window” accessible by all parties involved in..

Cryptopia Liquidation: Refund Deadline ‘Not Practicable’ as Users Wait

News Liquidators of hacked New Zealand cryptocurrency exchange Cryptopia have recovered almost $11 million in the past six months, but say the process remains difficult. In its second report into its operations at Cryptopia, Grant Thornton confirmed that receipts from May to November totaled aroun..

New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation

News The national police force of New Zealand have seized between NZ$6.2 and NZ$6.7 million in cryptocurrency from a man who allegedly was involved in online movie piracy in the United States. Two accounts of the seizureAt 5:00 AM local time, on Nov. 23, the New Zealand Herald reported that New Ze..

Her Majesty the Queen Rules Out Crypto as Currency

Expert Take Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs, has updated its cryptocurrency taxation policy paper for businesses and individuals..

Cryptopia Liquidation: Hacked Bitcoin Exchange Didn’t Use Individual Customer Wallets

Grant Thornton, the liquidators of hacked New Zealand Bitcoin exchange Cryptopia, have released an update on the progress made thus far. Cryptopia Used Co-mingled Crypto Wallets According to a statement released on its website on Wednesday (August 21, 2019), Cryptopia didn’t use individual crypto w..

New Zealand Rules for Crypto Salary — Have Hopes Been Answered?

Expert Take The national tax authority of New Zealand, the Inland Revenue Department (IRD), has recently published binding rulings and guidance for salaries and bonuses paid in crypto, made under s 91D of the country's Tax Administration Act of 1994. This ruling applies only to salary and wag..

Cryptocurrency Salary? It’s Now Legally Possible in New Zealand

Some cryptocurrency skeptics say if you can’t use digital assets to pay your taxes, then those assets aren’t actually money. Through that lens, cryptocurrencies have just become money in the island country of New Zealand. This month, the nation’s Inland Revenue Department (IRD) published two bindin..

New Zealand Bank ASB Invests in Local Blockchain Trade Platform

News New Zealand’s Auckland Saving Bank (ASB) has invested in local blockchain startup TradeWindow. The funding, reported Aug. 13, should expedite the launch of the company’s Distributed Ledger Technology (DLT) trade platform. Applying blockchain to the global supply chainTradeWindow CEO, AJ Smith..

New Zealand Rules Receiving Income in Bitcoin Is Legal, Taxable

News New Zealand's tax authorities have ruled that income in cryptocurrencies is legal and provided guidance on how exactly it should be taxed. In a tax information bulletin published on July 4, the New Zealand Inland Revenue Department summarized the provisions of the public ruling, made und..

Owning Fiat Just Got More Expensive – NIRP Strikes Again

With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP..

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