One central bank official says the future "will undoubtedly involve less cash."
The unnamed employee created copies of Cryptopia's private keys and saved them to a USB affording access to over $100 million in crypto.
The KiwiSaver Growth Strategy Fund, which had NZ$350 million (US$244 million) in assets at the end of December, began investing in crypto last October.
New Zealand dollar reserves backing the stablecoin are to be confirmed by an accounting firm on a quarterly basis.
A BlockchainNZ membership review is reportedly focused on alleged conflict of interest between the Qoin project and related companies.
The hacked wallet belonged to a creditor, U.S. firm Stakenet, which had not lost funds in the 2019 hack, as reported by Stuff.
The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.
The liquidator of the defunct cryptocurrency exchange has opened a portal so former users can begin making claims to retrieve their trapped funds.
As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds.
NZX has halted trading for the third day in a row as a result of cybercriminals attempting to extort cryptocurrency.
The bank funds are said to be linked to Russian Alexander Vinnik, who allegedly ran the defunct crypto exchange BTC-e.
A rise in cryptocurrency and coronavirus investment scams has prompted authorities to launch an awareness campaign.
In the fallout from a massive hack of the New Zealand cryptocurrency exchange, users at last have a little good news.
New Zealand's Inland Revenue Department is considering how best to change its tax regimen so cryptocurrencies aren't at a disadvantage.
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain.