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

New Zealand Reserve Bank. Deputy governor Grant Spencer of the New Zealand Reserve Bank commented on digital currency during his speech at the Payments New Zealand conference in Auckland. His feelings toward digital currency looks hopeful and positive compared to the response from other countries. "As the currency issuer, the Reserve Bank does not feel threatened by Bitcoin which seems to behave more like a commodity than a currency." According to stuff.co.nz, Spencer continued his comments on digital currency, giving a favorable opinion on the future. "However, I do not doubt that future....

The deputy governor of New Zealand's Reserve Bank (RBNZ) has said the institution is "not threatened" by the rise of bitcoin and digital currencies. According to a report in stuff.co.nz, deputy governor Grant Spencer made the comments this morning at Payments NZ, a two-day international payments industry conference in Auckland. Spencer's comments are in contrast to those of other central bank representatives over the course of this year, most of which have concerned warnings of bitcoin's investment risk and/or lack of legal tender status. "I do not doubt that future digital currencies will....

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