New Zealand Bitcoin Exchange BitNZ to Shut down After Banking Blackout

New Zealand Bitcoin Exchange BitNZ to Shut down After Banking Blackout

BitNZ, a New Zealand bitcoin exchange, has announced it is closing due to the refusal of New Zealand banks to allow bank accounts to trade bitcoins, and has advised customers to withdraw all funds before April 15, 2017, the company announced on its website. BitNZ also announced its decision on Reddit, noting that it is impossible to continue operations. BitNZ thanked customers for their support and noted it has processed over 11,000 bank transactions since 2011. Banks Uncompetitive. BitNZ said the banks’ position is anti-competitive, raising the question of whether there is a fairness....


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