New Zealand Custodial Wallet – Compliant Development
Launch a custodial wallet in New Zealand with compliance controls mapped to FMA and FMA FSP. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
New Zealand · Custodial Wallet
New Zealand requires FSP registration for firms providing virtual asset financial services.
| Jurisdiction | New Zealand |
|---|---|
| Regulator | FMA |
| Product | Custodial Wallet |
Software
Built-in compliance controls
- Custodial key management with HSM or secure enclave options
- Multi-chain deposits, withdrawals, and balance reconciliation
- Transaction monitoring and velocity limits
- Account recovery flows with identity re-verification
- Compliance reporting and user activity audit trails
- User identity verification processes integrated into wallet setup
- AML transaction monitoring with real-time alerts
- Data encryption for user information and transaction history
- Regular compliance audits and updates to software
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What compliance features are essential for a custodial wallet?
- Custodial wallets must include KYC verification, AML checks, and secure user data management.
- How can I ensure my custodial wallet is FMA compliant?
- Implement compliance controls in the software and consult with legal experts for guidance.
- What are the risks of non-compliance for custodial wallets?
- Non-compliance can lead to legal penalties, loss of customer trust, and operational shutdown.