Submission to the Finance and Expenditure Committee's Inquiry into Cryptocurrencies

Overview

This submission addresses the inquiry into cryptocurrencies in New Zealand, outlining key considerations for their regulation and integration within the financial system.

Key Points

  • Define Cryptocurrencies: Clearly define what constitutes a cryptocurrency.
  • Potential Benefits: Discuss the potential benefits to the financial system and economy.
  • Risk Assessment: Outline perceived risks, including financial stability and consumer protection.
  • Regulatory Framework: Suggest elements of an appropriate regulatory framework.

BlockchainNZ Submission for CBDC

Summary

The submission emphasizes the importance of a Central Bank Digital Currency (CBDC) and its potential role in the future of money.

BlockchainNZ Submission: Review of the AML/CFT Act

Focus Areas

  • Compliance: Review the compliance requirements under the Act.
  • Effectiveness: Evaluate the effectiveness of current measures in combating money laundering and terrorism financing.

Ledger of Things Whitepaper – Volume 1

Highlights

  • Introduction to the concept of combining IoT with blockchain technology.
  • Potential applications and benefits of a Ledger of Things.

Future of Money: Private Innovation Response to the Reserve Bank

Discussion Points

  • Encourage private sector innovation in currency.
  • Address challenges faced by the central bank in regulating digital innovations.

BlockchainNZ Manifesto 2023

Objectives

  • Outline the vision for blockchain technology in New Zealand.
  • Promote transparency, security, and decentralization.

Debanking and its Implications for Aotearoa New Zealand's Web3 Ecosystem

Key Concerns

  • Analyze the impact of banking restrictions on emerging technologies.
  • Recommendations for fostering growth in the Web3 sector.

BlockchainNZ Submission on Banking Competition 2024

Insights

  • Assess the current state of banking competition in New Zealand.
  • Propose enhancements to foster fair competition and innovation in banking.

ANZ Crypto Map

Overview

  • Presentation of a visual representation of the cryptocurrency landscape in New Zealand, highlighting key players and regulatory developments.