News with the tag "Reserve Bank of New Zealand"

Kyrgyzstan has moved ahead with plans for a full rollout of its national digital currency, the digital som. According to a local media report on December 11, the Kyrgyzstan parliament has approved the draft version of a law that establishes a regulatory framework for its central bank digital currenc...

The country's Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it.

The Reserve Bank of New Zealand (RBNZ) has said it would be increasing its efforts in monitoring stablecoins and crypto-assets but won’t propose a regulatory approach citing uncertainties in the sector’s development. The move comes after public input on the issues these new forms of private money co...

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.