Politics

In a concerning development in Kiwi "crypto" news, the FMA has approved what I understand to be New Zealand's first official stablecoin in a "sandbox pilot" experiment.

I believe this advent could only be possible under a National/ACT government, not that I excuse Labour from similar accusations, and this is turning a dangerous corner because it invites scams at a time when scamming is already rampant.

Financial crime is under-reported, so it is difficult to put exact numbers to the size of the problem, but a wide comparison is better than none. Bitcoin is undoubtedly a Pyramid scheme and as such, Bitcoin is financial crime.

Crypto means hidden. The word is of Arabic origin, as is the word Algebra.