New Zealand's Minister of Commerce Andrew Bayly said in response to an inquiry by the country's legislative committee that New Zealand should support the development of the cryptocurrency industry and take an evidence-based approach to regulating the industry. Andrew Bayly said the country's "wait-and-see" attitude could cost New Zealand the benefits of industry development. New Zealand "should take a more proactive and innovation-friendly approach to digital assets and blockchain, including cryptocurrencies." (Coindesk)