Happy birthday 🎉! The Reserve Bank of New Zealand encourages vigilance towards cryptocurrencies, but has no regulatory plans yet😇. Ian Woolford, director of reserves, said: "We agree that caution is needed and enhanced data and monitoring are needed to build understanding 🧐."

Excerpted from 50 papers discussing encryption and DeFi. Interviewees include BlockchainNZ, Ripple, Westpac Bank, etc.💼. The Reserve Bank of New Zealand has noted the significant risks and opportunities in the industry🏆, plans to wait and see the regulatory trends in other countries, and emphasizes that global coordination is crucial to supervision🌍.

New Zealand ranks 108th in the 2022 Chainalysis Global Cryptocurrency Adoption Index 📈✨. As a form of property, cryptocurrencies are subject to non-specific regulations, including financial, money laundering and tax laws🔏.

So, are netizens optimistic about the development of New Zealand’s encryption market🧭? Welcome to leave a message for discussion 🎙️.#cryptocurrency#newzealand