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Joint US-New Zealand Operation Confiscates $6.7M in Crypto of Movie Piracy Scheme

Posted on November 24, 2019November 24, 2019 by Rehan Yousaf

The Criminal Proceeds Recovery Act, which was legislated in 2009 in New Zealand, has resurfaced in the news recently as the country’s authorities have been relying on it in an international operation with a crypto twist. As part of a joint operation, in the United States, the police has seized an estimated $6.7 million in cryptocurrency and $1.1 million in bank funds from a man after months of investigations of online movie piracy. Jaron David…

New Zealand’s Tax Regulators Legalize Crypto Payments for Salaries

Posted on August 15, 2019October 14, 2019 by Ansab Gillani

According to latest official tax information bulletin in New Zealand, cryptocurrency salaries are now legal inside the country starting from September 1, 2019. With that legalization, the companies can now pay their employees salary in cryptocurrency. The past has not been very kind to cryptocurrencies and blockchain technology with the constant threat of criminals hijacking the prospect of the growing crypto industry. Numerous cases of money laundering, cyber crimes and an extremely volatile market have…

New Zealand Probes Samoan Church Connection to the Crypto Ponzi Scheme OneCoin

Posted on June 18, 2019August 15, 2019 by Carolyne Walker

As published on Radio New Zealand, New Zealand’s Department of Internal Affairs (DIA) is investigating the Auckland branch of the Samoan Independent Seventh Day Adventist Church (SISDAC) over its connections to the shady cryptocurrency venture OneCoin whose leader is already indicted in court. One investigation was carried out by Samoa’s Central Bank into the church. However, a separate investigation (carried out by DIA) was conducted under the Charities Act 2005, and was not focused on…

Crypto Scammers Employed Photos of New Zealand’s Prime Minister on Facebook Ads

Posted on October 15, 2018August 15, 2019 by Omri Shabath

It’s not new that crypto scammers are using fake photos and endorsements of celebrities in order to allure unaware consumers who would be captivated by the celeb’s stardom (did someone say William Shatner?). Yet, even for an industry that is filled with such blatant swindles, a recent scam managed to stand out with a display of flagrant shamelessness. It seems that tricksters from New Zealand were audacious enough to falsely employ the likeness of New…

New Zealand Police: A Victim Lost $320K to a Crypto Scam, Be Alert!

Posted on September 26, 2018August 15, 2019 by Omri Shabath

It seems that New Zealanders – or at least New Zealand’s authorities – now learned what many others have already learned: whilst the cryptocurrency industry is seething, it is also accompanied by predators who prey on this newly-discovered exotic land of opportunity. New Zealand’s police recently released a special warning for citizens not to engage in dubious online ventures, with a specific emphasis on Bitcoin. Canterbury Police are reminding people to be vigilant of online…