New Zealand risks lagging in crypto innovation due to its cautious approach, warns Minister of Commerce Andrew Bayly.

New Zealand faces potential lag in crypto innovation due to its cautious "wait and see" approach, New Zealand's Minister of Commerce and Consumer Affairs, Andrew Bayly, warns. With the global race for blockchain innovation accelerating, New Zealand risks missing out on significant opportunities. Bayly suggested revamping the country's slow stance towards adopting digital assets and blockchain technology innovations, and urged the government to support the development of the crypto industry and consider appropriate policies to manage related risks.

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