When it comes to regulating blockchain and cryptoassets, New Zealand is taking a cautious approach, with no legislation directly targeting digital assets.
This is just one of the many insights from our Web3 & Digital Assets legal experts in their recently published New Zealand chapter for the Chambers Global Practice Guide Blockchain 2024 on the importance and legal implications of Web3 and blockchain assets.
The chapter was written by Partners James Cochrane, Andy Comer and Carlo Wan, along with Consultant Graeme Crombie and Solicitor Eleanor Mulrennan.
They note that the treatment of digital assets and related activities is dealt with under existing law in New Zealand. In this sense, New Zealand has retrofitted existing regulatory regimes to apply to market participants and is adopting a wait-and-see regulatory approach.
Read the full chapter for our team’s expert legal commentary on a range of topics affecting the market participants using this exciting new technology.
It includes perspectives on the New Zealand blockchain market, digital asset characterisation, smart contracts, regulation, disputes, tax, sustainability, and data privacy and protection.
