Cryptopia, New Zealand\'s leading digital currency exchange, announced on February 1st that they have been granted a bank extension on NZDT withdrawals. NZDT is New Zealand\'s answer to Tether: the Nzed is a cryptocurrency token tethered to the New Zealand Dollar, providing users with a stable coin linked to the country\'s fiat currency, and a means to trade into and out of other digital currencies. It is only one of the many currencies traded on the exchange, and accounts for about 2% of its total business. 

Only a few days ago, on January 30th, Cryptopia were notified by their bank that their NZDT account would be closed on February 9th. ASB Bank, a subsidiary of New Zealand\'s Commonwealth Bank, declined to comment, but their decision is believed to be related to AML (Anti-Money Laundering) laws. 

However, Kiwi users were subsequently informed that they had a reprieve until the end of March, so they may continue to make NZDT withdrawals until that time. Some users are concerned that deposits are not showing up in their wallets this week, nor have they been returned to the customers\' own bank. Cryptopia are working on the problem and trying to find an alternative banker.

Earlier in January, Cryptopia were obliged to freeze trading on the exchange when it became overloaded in the holiday crypto-craze.