New Zealand Police Allowed Cryptopia to Relaunch

But there's still no important info on how investigation goes, who's hacker and how much was stolen
14 February 2019   995

New Zealand law enforcers completed investigations at the Cryptopia office and concluded that the marketplace could resume operations at any time, The New Zealand Herald reported.

We have finished the main part of the work required by the High Tech Crime Group at Cryptopia's business premises, although HTCG staff remain there finishing up aspects of their work. Cryptopia management have full access to their facilities and business premises and the Police investigation is not preventing their business from getting up and running again.

Greg Murton

Detective inspector, New Zealand Police

However, Merton did not disclose other important details of the investigation and did not even say whether the attacker who had stolen the means was found and how much was stolen.

In the meantime, there are no updates in the Twitter account of the exchange yet, and the message about hacking is still hanging on the exchange's website.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   233

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.


Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.