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The Conversation
Abhishek Mukherjee, Lecturer in Accounting and Finance., University of Waikato

The future of money is digital – but NZ needs a careful framework to prevent the pitfalls of cryptocurrency

Crypto RBNZ NZ New Zealand FTX
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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.

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