New Zealand's central bank is stepping up surveillance of stablecoins and crypto assets

New Zealand's central bank is stepping up monitoring of stablecoins and crypto assets. Ian Woolford, the bank's Director of Currency and Cash, said, "The RBNZ agrees that caution is needed, which intensifies the need for stronger data and monitoring. The RBNZ will also continue to work with other agencies, notably through the Committee of Financial Regulators, to support the development of the financial ecosystem." healthy growth and continue to engage with industry and other stakeholders on issues as they arise.”