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New research funded by the Law Foundation urges the government and Reserve Bank to embrace cryptocurrency, saying the technology could unlock "vast potential benefits".
Cryptocurrency is money that only exists digitally or virtually and uses cryptography and blockchain technology to regulate its generation and verify fund transfers.
Its report, released today, warns the Government against attempting to ban the use of cryptocurrencies and argues it should instead actively support New Zealand becoming a blockchain and financial technology hub.
Kathryn talks with principal researcher is Alex Sims, Associate Professor of Commercial Law at the University of Auckland Business School.
