The New Zealand Bitcoin exchange Bitnz has recently announced to its customers it will be closing its doors soon. The company explains the unfortunate closure is due to a New Zealand banking system that won’t allow Bitcoin operations to hold bank accounts.
Read more here: https://news.bitcoin.com/new-zealand-exchange-bitnz-shuts-down-banking-hostility/
Read more here: https://news.bitcoin.com/new-zealand-exchange-bitnz-shuts-down-banking-hostility/
It's sad news
New Zealand Bitcoin proponents on Reddit say the banking issue is similar to last year’s alleged financial blockade against Bitcoin companies in Australia. However, the Australian Competition and Consumer Commission detailed during its inquiry that the banks did not collude to block local Bitcoin companies. 17 Australian Bitcoin businesses had received letters stating that their accounts were closed.
It looks like they are pursuing bitcoin company. There are 17 companies that had their accounts closed, very sad
