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![Crypto 'regulatory approach isn't needed now' — New Zealand central bank](https://i-invdn-com.investing.com/news/Cryptocurrencies_800x533_L_1556528104.jpg)
The New Zealand central bank is ramping up its monitoring of stablecoins and crypto-assets following public submissions, but has stopped short of calling for a “regulatory approach.”
Ian Woolford, the Reserve Bank of New Zealand’s director of money and cash, said in a June 30 statement that the RBNZ agrees that “a regulatory approach isn’t needed right now, but increased vigilance is.”
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