FMA dodges crypto question

FMA general consul Liam Mason said the core question of cryptocurrencies is outside the regulator's remit. (Photo: supplied)

Dan Brunskill

Wed, 27 Oct 2021

The Financial Markets Authority declined to make recommendations to parliament about cryptocurrency regulation, saying it is outside its remit.Parliament’s finance and expenditure select committee is conducting an inquiry into the risk and opportunities presented by cryptocurrency.Liam Mason, the regulator’s general consul, today told the committee the Financial Markets Authority (FMA) would not make a recommendation as to how digital assets should be regulated.That was met with some incredulity from Green Party MP Chloe Swarbrick,...

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