New Zealand’s central bank is preparing for a future that includes the mainstream use of cryptocurrency.
At the end of last year, the Reserve Bank of New Zealand (RBNZ) published an issues paper, Private Innovation: Te Auahatanga, on digital currencies. The paper sparked a wide-ranging discussion on the development of the cryptoasset market and how to respond to the challenges it presents.
The RBNZ received 50 submissions on its paper, with consultation ending in April. A summary of the submissions was recently published.
We took a look at the key concerns held by those who participated in the consultation and what these concerns could mean for the uptake of cryptocurrencies in New Zealand.
