Together with the World Bank, we have now embarked on a process to further improve our Risk-Based Supervisory and Regulatory Framework to reflect the emerging risks which Virtual Assets pose to the sector. The Framework will henceforth enable the collection of information on Virtual Assets and Virtual Assets Service Providers to monitor associated risks.
Our best course of action, indeed perhaps our only sensible course of action, is to continue doing the things which will make us a prosperous economy - continue to run fiscal surpluses, continue to keep inflation low, continue to improve the flexibility of the economy, continue to remove regulatory barriers to resource mobility, continue to improve incentive structures so that investment goes into those areas with the highest social and economic return, continue to ensure that governance structures in the banking and corporate sectors encourage prudent behaviour, continue to improve the education system, continue to welcome foreign investment, and do everything possible to encourage a culture which values initiative, innovation, hard work, saving and all the rest.