The country’s Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it.
New Zealand Is Not Exploring Crypto Regulation, but Recommends Increased Vigilance
After receiving 50 submissions as part of a consultation process, the Reserve Bank of New Zealand (RBNZ) has said it won’t propose a regulatory approach towards stablecoins and crypto-assets.
New Zealand’s Reserve Bank consulting public on a potential CBDC
The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins.
New Zealand’s Central Bank Is Hiring a Money Futurist
New Zealand’s central bank is looking for a Head of Money and Cash to focus “on the future of money” and be a “thought leader” for digital currency.
2 APAC Nations Have Ruled Out Central Bank Digital Currencies
The central banks of both Australia and New Zealand have said they do not plan to create their own digital currencies – at least for now.