According to Reserve Bank of New Zealand governor Adrian Orr, he stated that both Bitcoin and stablecoins do not serve as a means of exchange or a store of value. This statement suggests that these digital currencies are not widely accepted as a form of payment, and they do not retain their value over time. Orr’s remarks highlight the limitations and concerns surrounding the use of cryptocurrencies in the current financial system. It is important to note that the Reserve Bank of New Zealand plays a crucial role in regulating and overseeing the country’s monetary policy and financial stability.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinCentral Bank Governor of New Zealand Slams Stablecoins as "The Most Misleading...