August 5, 2021

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The Central Bank of New Zealand wants to implement digital currency

By Juliet Spranna | On 07/09/2021 on 03:13 pm | Updated on 07/09/2021 at 15:52

The Central Bank of New Zealand has partnered with other central banks around the world to create a digital version of their currency.

Cryptocurrencies and their origins will be at the center of the discussion, and public consultations will be set up to discuss the future of the currency and the Kiwi financial landscape. A series of documents on money and money issues is expected to be released between August and November 2021.

We would like to explore the potential of the central bank digital currency

Reports have already shown the importance of money for traders, but digital currency can be used in parallel; Deputy Governor Christian Hawksby Explain: ” We would like to explore the potential of the central bank digital currency to mitigate some of the disadvantages of reducing physical cash flow and use of services New Zealand. A CPTC (central bank digital currency) such as the digital treasury may be part of the solution, but we need to test our assessment of the issues and the proposed approach before making any concrete plans. So far, 44% of New Zealanders do not care about the decline in payments for everyday things.

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