Crypto Regulation Not a Priority, New Zealand Central Bank States

The Reserve Bank of New Zealand (RBNZ) is the country's central bank.

It has decided to keep a closer eye on digital money like Bitcoin. This decision was made after hearing thoughts from different groups, including a body that supports digital money and some big banks. Ian Woolford, a top boss at the bank, said they don't need to control these digital currencies just yet, but they need to watch them carefully. This is because these digital currencies can have big ups and downs, and there's a lot we don't know about them. Right now, New Zealand is waiting to see what other countries do about digital money before deciding on their own rules. Currently, in New Zealand, digital money is treated like property and is governed by general financial rules.