New Zealand's FMA Proposes Exemption Path for NZD-Backed Stablecoins

New Zealand's FMA moves to spark local stablecoin scene with stablecoin rules draft

New Zealand’s Financial Markets Authority (FMA) is advancing regulation for payment stablecoins tethered to the New Zealand dollar after the regulator opened a consultation on November 9. The consultation period opens amid a struggling domestic stablecoin sector in a country where the issuer of the flagship NZD coin, NZDD, has been put up for sale...

FMA Stablecoin Carve-Out Consultation

New Zealand’s Financial Markets Authority (FMA) opened a consultation on 9 November 2026 on a proposal to take qualifying New Zealand dollar stablecoins outside the financial products regime. The FMA, the country’s financial markets conduct regulator, is considering a class designation, a formal declaration covering a whole category of products, under section 562(1)(c) of the Financial Markets Conduct Act 2013 (FMC Act). The designation would de…

New Zealand's FMA proposes exemption path for NZD-backed stablecoins

The FMA's proposal could enhance financial stability and consumer trust in NZD-backed stablecoins, influencing global regulatory approaches.

FMA consults on new regulatory approach for NZD referenced and backed payment stablecoins

The Financial Markets Authority (FMA) is seeking feedback on a proposed regulatory approach for certain New Zealand dollar referenced and backed stablecoins.