image description

text

This is not the first time the New Zealand government has shut down the domain name of a cryptocurrency trading platform. Before wex.nz, the New Zealand Domain Name Regulatory Commission has successively shut down wexbet.nz, wexcash.nz, wexcoin.nz, wxcash.nz and wxcoin.nz and other cryptocurrency trading platform domain names.

The cause of the incident was that the New Zealand regulator received a large number of complaints involving related domain names. Afterwards, the regulator investigated the registration details of each domain name. In a report released on November 19, the regulator stated that several of the domain names were registered. using false contact details. The regulator stated that valid registered contact details are a prerequisite for all .nz domain names to be valid. . nz domain names are subject to mandatory closure. The committee wants .nz domains to be safe and secure."

Although the New Zealand government closed the wex.nz domain name in order to avoid potential risks, it also caused losses to many investments that were too late to withdraw funds. The New Zealand Domain Name Registry has notified any investors affected by the closure of the wex.nz domain name , you can contact law enforcement if you suspect fraud and criminal activity. At the same time, investors can also submit their own loss reports to an agency in the country called "Netsafe". Netsafe is a third-party agency dedicated to providing a safe network environment for Internet users in the country.

In fact, New Zealand's plan to take measures against digital currency transactions has already been traced. The New Zealand Financial Regulatory Agency (FMA) announced in October this yearissue a report, the report stated that it will strengthen the supervision of the digital currency industry, strictly manage non-compliant financial companies, and emphasize to New Zealand residents the disadvantages of Bitcoin and other investment products linked to cryptocurrencies.

Another interesting thing is that at the beginning of October this year, New Zealand Prime Minister Jacinda Ardern announced some false Facebook advertisements using her image for digital currency promotion. These false information also claimed that the New Zealand Ministry of Finance invested half of its revenue in Bitcoin, perhaps This is also one of the reasons for lowering New Zealand's tolerance for digital currencies.

The closure of the wex.cn domain name has also attracted the attention of the Russian media. The Wex digital currency trading platform is considered to be the successor of the blocked digital currency exchange BTC-e. BTC-e is considered to be the earliest Russian cryptocurrency exchange. In July 2017, Alexander Vinnik, a senior Russian executive of BTC-e, was arrested by the US government for participating in money laundering and suspected of attacking the Mt Gox exchange, and the website of BTC-e was also seized. The platform was relaunched under the name of Wex in mid-September 2017, registered in Singapore.

According to Russian news outlet Bitsmedia, after being closed by New Zealand, wex.nz has registered a new domain name, "Please use our mirror wex.link", the trading platform wrote on its official Twitter, which is also wex One of the few tweets in recent months, for which a user wrote "thank goodness you're back after at least 3 months" in reply to his news about the launch of the new wex domain name, in fact since this summer The administrators of the platform have been fairly quiet, contrary to the constant complaints from users that they cannot withdraw funds from the platform. Currently, the platform only offers withdrawals in XMR and ZEC, but their liquidity is very low.

Since August of this year, many users have complained about the fraudulent behavior of wex. Users who lost money shared the latest news with each other by creating websites and telegram groups. According to a post on October 21, 35 people have already complained to The Russian Ministry of Internal Affairs made a request to open a criminal investigation into Wex.