RBNZ to ramp up stablecoins and crypto assets monitoring

The central bank said the decision came after receiving public input. (Image: Getty)

Fri, 30 Jun 2023

The Reserve Bank of New Zealand (RBNZ) is increasing its monitoring of stablecoins and crypto assets. The central bank said the decision came after receiving public input to better understand the potential implications of the new forms of private money – on both the financial system and monetary sovereignty.RBNZ's money and cash director, Ian Woolford, said the bank agreed with the balance of submitters that a regulatory approach wasn’t needed as of right now, but increased vigilance was.The bank published an issues paper o...

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