Crypto 'scaremongering' concerns NZ industry

FMA research found 13% of people who made a new investment in the past year were purchasing cryptocurrencies. (Image: Deposit Photos)

Dan Brunskill

Thu, 15 Jul 2021

Parliament’s finance and expenditure committee has opened an inquiry into the benefits and risks of cryptocurrencies, but some are worried it will skew towards the risks. MinterEllisonRuddWatts partner Jeremy Muir said he received a flurry of emails from clients after the inquiry was announced on Tuesday. He said many were concerned the terms of reference were more weighted towards a negative view of cryptocurrencies with not enough emphasis on the opportunity they present. “It’s really about making sure there i...

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