Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Curr...

Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Curr...

The central bank of New Zealand has lined up among monetary authorities exploring the question of issuing their own digital currencies. The financial regulator is now seeking feedback from the public about the need for a digital form of the national fiat while also promising to preserve cash. New Zealand Central Bank Considers Risks and Benefits of CBDC Reserve Bank of New Zealand (RBNZ) is now gathering input from the public on the potential use of a central bank digital currency (CBDC), Reuters reported following an announcement released by the bank on Thursday. Assuring that....


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New Zealand Reserve Bank Says Future Digital Currencies Will Become More Realistic Than Cash

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New Zealand central bank releases issue paper on digital currency

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New Zealand Deputy Governor: 'The Reserve Bank Does Not Feel Threatened by Bitcoin'

New Zealand deputy governor Grant Spencer says New Zealand's central bank, the Reserve Bank of New Zealand, is not threatened by Bitcoin, but is eventually planning to tighten regulation. In a speech delivered to the Payments New Zealand's premier industry conference on November 11 in Auckland, deputy governor Grant Spencer stated: "However," continued Spencer, "I do not doubt that future digital currencies will become more realistic substitutes for cash." "As the currency issuer, the Reserve Bank does not feel threatened by Bitcoin which seems to behave more like a commodity than a....

New Zealand's Reserve Bank consulting public on a potential CBDC

The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins. The Reserve Bank of New Zealand says a central bank digital currency might be a “solution” to the ongoing reduction in the use of cash and that it will look more closely at the use of cryptocurrencies.The bank will open up public consultations regarding a CBDC and the emergence of new digital forms of money including stablecoins. We'll be consulting extensively over the remainder of....

New Zealand has no imminent plans to issue CBDC, says central bank exec

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