Kiwi bitcoin investors concerned over Australian bank controversyMURRAY WILSON/STUFF Palmerston North cryptocurrency investor Bruce Thomson said digital currencies were the new wild west, and investors needed to cultivate open and trusting relationships with their banks to show they weren't a risk. A Kiwi bitcoin investor who lost several hundred thousand dollars earlier this month is concerned about the future of cryptocurrency in New Zealand. This comes after Australian banks, including ANZ and Westpac, allegedly started freezing accounts using certain cryptocurrency exchanges this week. Christchurch-based cryptocurrency exchange Cryptopia business development manager Adam Lyness said he didn't know of any similar actions in New Zealand. A Kiwibank spokesman said, like most New Zealand banks, the bank didn't specifically target or exclude cryptocurrency users or dealers.

Source: Stuff December 30, 2017 15:56 UTC