New Zealand’s Consumer Data Right: A Boon for Cryptocurrency Investors
A major change to online banking in New Zealand is coming into force on May 26, 2023. The change requires all banks to adopt a new standard for online banking called Consumer Data Right (CDR), which gives customers greater control over their data and allows them to share it securely with trusted third-party service providers. It will also include the ability to do same day payment between banks, weekends and public holidays included.