In New Zealand, Bitcoin supply is falling far short of demand.
New Zealand’s “Bitcoin bottleneck” is seeing consumers “embrace” Blockchain while banks dither on regulation.
According to reports by local news outlet Stuff, consumers left out in the cold by the country’s troubling regulatory climate are fast feeling the ‘FOMO’ – or ‘fear of missing out’ – effect.
“We are still seeing far more demand that we can service,” Dave Seyb, CEO of Kiwi Bitcoin exchange NZBCX, told the publication last week, “with the bottleneck still being the banking situation.”
Source/More: New Zealand ‘Bitcoin Bottleneck’ Sees Hungry Consumers Swamp Exchanges