[New Zealand's FMA Seeks Public Comment on Regulatory Path for NZD-Based Stablecoins] Golden Finance reports that on November 9th, the New Zealand Financial Markets Authority (FMA) released a proposal for a regulatory path for payment stablecoins backed by the New Zealand dollar (NZD) and opened it for public comment. According to the proposal, stablecoins meeting specific requirements and safeguards will no longer be considered financial products under the Financial Markets Conduct Act. Requirements include NZD-backed assets held by a registered bank and redemption at par value. FMA General Counsel Liam Mason stated that this move aims to test a clearer regulatory path to support innovation and maintain market confidence. This proposal is a provisional measure, and no final decision has been made. It will be developed in conjunction with broader digital asset regulatory efforts. The original text did not disclose the deadline for public comment.