NZ has ruled out an outright ban on crypto ATMs. Overseas experience suggests targeted safeguards could protect users from fraudsters.
- Senior Lecturer in Finance, University of Otago
A recent ruling has clarified how one NZ dollar-backed crypto token fits within financial law. Just what does this mean for investors?
Tokenisation works by converting real assets into tradeable digital tokens. But New Zealand’s regulatory uncertainty risks investment billions migrating offshore.
New Zealanders trade cryptocurrency worth billions every year, largely invisible to the tax system. That will change with the start of the next financial year.
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