NZers fear RBNZ's digital currency plan's privacy risks

(Image: Getty)

Tue, 10 Dec 2024

In the Reserve Bank of New Zealand's latest consultation, 90% of respondents said their biggest concern about digital cash is the potential for Government control.The Reserve Bank of NZ (RBNZ) said respondents were clearly concerned about the "implications of digital cash for traceability and, by extension, privacy and autonomy".“Many feared digital cash will be used to facilitate unacceptable intrusion into their privacy or social control, even if it is not originally designed to do so.”Individual respondents saw the...

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