Reserve Bank to consult on crypto and other new money forms

Wed, 07 Dec 2022

The Reserve Bank of New Zealand has started consulting on how new forms of private money, such as cryptocurrency and stablecoins, should be regulated.“Our objective is for New Zealand to have a reliable and efficient money and payments system that supports innovation and inclusion,” said Ian Woolford, director of money and cash, in a statement.“But we need a level playing field where regulation matches risk across all technologies, consumers have real choice in how they pay and save, and trust in private money is preserved,&rd...

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