Reserve Bank of New Zealand is ramping up its monitoring of stablecoins and cryptoassets

<p>The RBNZ says there are significant risks and opportunities from stablecoins and other private money innovations</p><ul><li>but also significant uncertainties about how the sector will develop and where the optimal balance will lie</li><li>caution is needed, which also reinforces the need for enhanced data and monitoring to build understanding</li></ul><p><a href="https://www.rbnz.govt.nz/hub/news/2023/06/rbnz-ramps-up-monitoring-of-stablecoins-and-cryptoassets" target="_blank" rel="nofollow">Here is the link</a>, and some handy info from the RBNZ piece if you need:</p><ul><li>What are cryptoassets?<ul><li>

A cryptoasset is a digital token that relies on cryptographic methods and non-traditional payment infrastructure to be transacted and stored.
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What are stablecoins?
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A stablecoin is a type of cryptoasset that aims to stabilise its value relative to other conventional assets, including central bank money.</li></ul></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.