New Zealand’s Ministry of Economic Development has proposed a shift towards a more crypto-friendly stance, aiming to nurture digital asset growth. The country’s commerce minister advocates for regulatory frameworks to encourage digital asset advancements, while contrasting views on central bank digital currencies reflect divergent opinions within the nation’s approach to digital assets.
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0 posts last weekNew Zealand Ministry Proposes Friendlier Stance on Cryptocurrency Innovations
New Zealand’s Ministry of Commerce and Consumer Affairs has proposed a more supportive approach to cryptocurrency innovation, urging the government to revamp its stance and consider policies to manage related risks. The ministry’s recommendations include fostering collaboration, addressing skills shortages, and developing training resources, while also highlighting the need for a coordinated global regulatory approach. However, the proposal for an in-house central bank digital currency contradicts the viewpoint of the New Zealand Central Bank governor, who expressed concerns about the stability of CBDCs and cryptocurrencies.
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