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5 results for “cryptocurrency”
New Zealand KiwiSaver provider Koura Wealth has doubled its maximum Bitcoin fund allocation limit to 20%, citing increased institutional investment and growing member demand. The change is accompanied by an adjustment to the fund's automatic rebalancing threshold.
New Zealand's FMA and Westpac NZ have issued a major alert following a spike in AI-driven deepfake scams. With 64% of bank fraud now originating on social media, authorities are calling for greater platform accountability.
Investment scam losses in New Zealand more than doubled to $81,500 in April 2026, with the average loss per victim surging to over $20,000 as deepfake technology becomes more prevalent.
The Financial Markets Authority has issued a high-risk warning for Swift Wave Global, a Ponzi-style scam linked to the collapsed BG Wealth Sharing scheme. Regulators report over $150 million in global losses associated with this fraudulent network.
The Corporations Amendment (Digital Assets Framework) Act 2026 has received Royal Assent, bringing digital asset platforms under Australia's AFSL regime. Existing operators face a June 30, 2026 deadline to apply for licensing as the industry moves toward a formal commencement in April 2027.