The world controversy continues regarding the exchange of cryptocurrencies. In this opportunity, the users of a house of change based in New Zealand will not be able to make transactions with the token of the platform temporarily.
Through an entry in the website of the Cryptopia exchange, the company has announced that its bank account where they deposited the money that supports the NZDT (a token similar to Theter that maintains a one-to-one relationship with the New Zealand dollar) will be closed in the coming days by the bank that provides services. So they have asked their clients to stop depositing New Zealand dollars in their NZDT account.
Initially the measure would begin to be effective on February 9 of this year, but according to a recent update, the deadline will be extended until March 31.
The update, disseminated through the social network Twitter, states that this term granted will only allow the withdrawal of funds, but no deposits can be made, so the Cryptopia team will continue working to provide a complete service for customers:
Cryptopia is a platform that works with NZDT, a token that offers its users low volatility and is used as a way to enter and exit the crypto market in the oceanic country. It also has more than 400 cryptocurrencies worldwide, the main being bitcoin and ether. It also offers a mining group (Cryptopia Mineshaft), a market in which a large variety of items can be traded in exchange for cryptocurrencies and a support framework for each cryptocurrency that supports the platform.
Similarly, the exchange house has given the option to its users to change their NZDT to bitcoin with a rate that, according to the announcement, is very competitive for the kiwi cryptocurrency market.
Cryptopia's statement indicates that the bank informed the company of the announcement of the closing of the bank account so shortly in advance, that it was not possible to exercise legal measures to prove that Cryptopia complied with current legislation, so there were no reasons for the closing. In the future, the exchange will try to make lasting partnerships with bank providers, to avoid similar situations:
We focus on ensuring lasting and open relationships with the bank's suppliers so that this does not happen again in the future. While some exchanges choose to operate by opening bank accounts without being transparent (and executing them until they are closed), we believe that this exposes us and our clients to greater risk and uncertainty.
However, it is expected that the exchange services will be suspended for a considerable time while a transparent alliance is consolidated. The team apologized "for any inconvenience this may cause as we work hard to resolve this challenge."
An operator of this company, Richard MacManus, who is also a columnist for technology related to the crypto-core, reported through his social network that he has heard rumors that another New Zealand exchange house has also presented problems with his bank account. For this reason, he says, the problem is not Cryptopia and the cryptocurrency exchange platforms of New Zealand, but the banks in the country that do not want to provide services to these companies:
Not everything is negative in relation to the exchange houses of the world. For example, this weekend the Panda Exchange service was enabled for users in Colombia and Venezuela with multiple cryptoactives. Similarly, the company that is responsible for the instant messaging service Line announced at the end of January that it will launch an exchange house for cryptocurrencies
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