New Zealanders won't be getting crypto-specific laws for now, but the ReserveBankofNZ said it's “ramping up” monitoring of crypto and stablecoins.
The New Zealand central bank is ramping up its monitoring of stablecoins and crypto-assets following public submissions, but has stopped short of calling for a “regulatory approach.”, Ian Woolford, the Reserve Bank of New Zealand’s director of money and cash said that the RBNZ agrees that “a regulatory approach isn’t needed right now, but increased vigilance is.”of 50 stakeholder submissions to an earlier RBNZ paper discussing crypto and decentralized finance.
New forms of money such as crypto and stablecoins create opportunities and risks for New Zealanders and the financial system. Have your say now on these and how we should respond:
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