The central bank of New Zealand, ReserveBankofNZ, has said it won't propose regulation for crypto-assets for now, but will continue to explore CBDCs. By amitoj.
"The submissions reinforced our view that there are significant risks and opportunities, but also significant uncertainties about how the sector will develop and where the optimal balance will lie," thesaid."We agree with the view that caution is needed. This is why we are not proposing a regulatory response at this point."
While the focus of the process was on the potential uses of crypto-assets as money, the RBNZ indicated its latest position on central bank digital currency . "While we are exploring a potential CBDC, we have not made any decision about the need for one," the announcement said."If we do introduce a CBDC, this would not be to displace cash which would remain available."
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