Regulator: Financial Markets Authority (FMA); Reserve Bank of New Zealand (RBNZ); Department of Internal Affairs (DIA).
New Zealand has no dedicated stablecoin law; stablecoins regulated via FMC Act “same risk, same regulation” approach; FMA guidance confirms stablecoins may be financial products, assessed case‑by‑case; Finance & Expenditure Committee final report on cryptocurrencies issued Aug 2023; Government response released Feb 2024; RBNZ currently “not proposing a regulatory response” but enhancing monitoring and progressing multi‑stage “Digital Cash in New Zealand” CBDC consultation (issues paper April 2024; consultation closing July 2024); timing for any dedicated stablecoin regime not announced.
Applicable Laws:
The Financial Markets Conduct (FMC) Act 2013 (In Force) - https://www.legislation.govt.nz/act/public/2013/0069/latest/whole.html
