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New Zealand Regulator Determines NZDD Stablecoin Does Not Qualify as a Financial...

New Zealand’s Financial Markets Authority Declares NZDD Stablecoin Not a Financial Product Wellington, 12 March 2026 – The Financial Markets Authority (FMA) announced on Wednesday that NZDD, a stablecoin pegged to the New Zealand dollar and issued by ECDD Holdings, does not fall under the definition of a “financial product” under New Zealand law. The...
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