The Crypto Enthusiast’s Dream: Top Countries That Tick All the Boxes

Alongside the internet, cryptocurrencies have made the world a global village. Here is a list of countries that are ideal for crypto enthusiasts to live in.

Alongside the internet, cryptocurrencies have made the world a global village. Here is a list of countries that are ideal for crypto enthusiasts to live in.

Her Majesty the Queen Rules Out Crypto as Currency

HMRC is publishing a new policy paper for individual and business crypto taxes

HMRC is publishing a new policy paper for individual and business crypto taxes

New Zealand Radio Host Denies Shilling Bitcoin on Social Media

A New Zealand radio host says that social media posts containing his likeness and promoting Bitcoin are an impersonation

A New Zealand radio host says that social media posts containing his likeness and promoting Bitcoin are an impersonation

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline

The New Zealand Police have reported that recently hacked crypto exchange Cryptopia is ready to be relaunched and resume operations, Auckland-based news agency The New Zealand Herald reports on Feb. 13. Detective inspector Greg Murton reportedly said that the main part of the work required by the High Tech Crime Group at Cryptopia’s business premises…

The New Zealand Police have reported that recently hacked crypto exchange Cryptopia is ready to be relaunched and resume operations, Auckland-based news agency The New Zealand Herald reports on Feb. 13.

Detective inspector Greg Murton reportedly said that the main part of the work required by the High Tech Crime Group at Cryptopia’s business premises in Christchurch has been mostly finished, claiming that Cryptopia management now have full access to their facilities and business premises.

The inspector stated that the police are not preventing Cryptopia from resuming their operations, and reportedly declined to specify on whether or when charges might be pressed. Murton also denied to comment on how much cryptocurrency has stolen in the hack, which was reported on Jan. 15.

While New Zealand police have reported that Cryptopia is “open again whenever they like,” the company’s website remains offline at press time, still reporting maintenance and citing an official report by the New Zealand police on the investigation of the crypto exchange.

As reported by The New Zealand Herald, Cryptopia founders did not immediately respond to queries about when or whether the exchange will resume operations. Meanwhile, Cryptopia social media accounts have also remained silent, with its Twitter account having been inactive since Jan. 28.

After the hack that led to more than $16.1 million stolen from New Zealand’s exchange Cryptopia, New Zealand Police had launched an investigation along with international law enforcement to track the hackers. The hacking attack began on Jan. 15 and reportedly lasted about two weeks, with funds removed from tens of thousands of Ethereum (ETH) wallets.

According to the latest report by The New Zealand Herald, some crypto experts have estimated the amount of stolen crypto to be worth up to $23 million.

On Feb. 7, the New Zealand police officially reported “excellent progress” in their investigation of the Cryptopia hack, also claiming that the process is expected to take a “considerable amount of time to resolve due to the complexity of the cyber environment.”

Previously on Feb. 4, a blockchain analytics firm found that $3.2 million in stolen tokens from Cryptopia have been liquidated on major cryptocurrency exchanges, with the most of the funds going through Etherdelta, Binance and Bitbox.

New Zealand: Financial Authority Blacklists Another Three Crypto Platforms Marked as ‘Suspected Scams’

New Zealand’s Financial Markets Authority (FMA) has added three more crypto platforms to its blacklist that warns about scams, a release by the FMA reveals Wednesday, Dec. 12. OneLife Network Limited and its associated entity OneCoin Limited were added to the list because they “bear the characteristics of a scam” and promise unrealistic returns. Moreover,…

New Zealand’s Financial Markets Authority (FMA) has added three more crypto platforms to its blacklist that warns about scams, a release by the FMA reveals Wednesday, Dec. 12.

OneLife Network Limited and its associated entity OneCoin Limited were added to the list because they “bear the characteristics of a scam” and promise unrealistic returns. Moreover, the FMA has learned that the mentioned companies are holding promo events in New Zealand and offering investments, thus breaching the country’s las by acting as unregistered financial services.

Another crypto company, Bitcoin Revolution Limited, was suspected of being involved in a scam as well. As Finance Magnates reports, the crypto trading firm made suspicious claims on its website, such as “Earn up to $1000 per hour or more, starting today.”

Moreover, the FMA recalled its October warning, reminding the public that Bitcoin Revolution Limited falsely claimed that the country’s current or former prime ministers and Treasury officials were investing in Bitcoin (BTC).

As Cointelegraph wrote before, in late 2017, former New Zealand prime minister Sir John Key was rumored on social media to hold $300 million in BTC from his initial investment of $1,000. Key later denied this information and said that the initial news was posted by a fake website pretending to be the New Zealand Herald — the largest newspaper in country.

New Zealand’s authorities are already closely following other crypto scams. In September, the country’s police warned citizens about online scams in general as an investor lost $320,000 NZD ($213,000 USD) to crypto fraudsters.

In October and November, the FMA also blacklisted several crypto-related companies, mostly for promising unrealistic returns or failing to get a required certificate of incorporation from local authorities.