According to Odaily Planet Daily, New Zealand's Minister of Commerce Andrew Bayly said in response to the country's legislative committee investigation that New Zealand should support the development of the cryptocurrency industry and take an evidence-based approach to regulating the industry. He warned that the country's "wait-and-see" attitude could cause New Zealand to lose the benefits of industry development. He further emphasized that New Zealand "should take a more proactive and innovation-friendly approach to digital assets and blockchains, including cryptocurrencies."