05/07/2023
๐ฆ๐ผ New Zealand central bank takes a proactive stance on stablecoins and crypto-assets! ๐๐ While not advocating for immediate regulations, the Reserve Bank of New Zealand emphasizes the importance of heightened vigilance. ๐๐ช Ian Woolford, the Reserve Bank of New Zealandโs director of money and cash, said in a June 30 statement that the RBNZ agrees that โa regulatory approach isnโt needed right now, but increased vigilance is.โ
Accompanying Woolfordโs statement was a summary of 50 stakeholder submissions to an earlier RBNZ paper discussing crypto and decentralized finance. write social media caption for the same.