RBNZ opens consultation on central bank digital currency

RBNZ opens consultation on central bank digital currency
(Image: DepositPhotos)
Rebecca Howard
The Reserve Bank of New Zealand has opened consultation on what would be the first government-backed digital NZ currency. “Digital cash would ensure that central bank money is available to all New Zealanders and able to be used digitally. It would also help enable a money and payments system that is innovative, competitive and contributes to the development of New Zealand’s digital economy,” it said. Banknotes and coins will still be available.Sovereignty Protecting monetary sovereignty is a key factor.According...

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