Christine Lagarde said the digital currency was increasingly being used by criminals worldwide to cover their tracks online, and for laundering money beneath the detection of the authorities.
New Zealand regulator issues fresh warning vs digital currencies Business
New Zealand’s financial services regulator has issued a fresh warning over digital currencies, urging would-be investors to take care amid rallies in digital asset prices.
The New Zealand Financial Markets Authority (FMA) singled out BTC as a highly volatile, risky asset, warning individuals they may lose the full value of their investment in a market reversal.
According to reports in local press, the regulator said digital assets and cryptocurrencies were not regulated in New Zealand, and consequently did not enjoy the same protections as other asset classes and investments.