New Zealand Launches Consultation on Digital Cash and Central Bank Digital Currencies (CBDCs)
On Wednesday, the Reserve Bank of New Zealand launched a consultation on digital cash, seeking feedback from citizens on its design, interest payment, and holding limits. The central bank is considering a $2000 holding limit, similar to the digital Euro's benchmark. The consultation paper stated that digital cash could offer more payment options, be easily accessible, and support innovation, while also boosting competition in New Zealand's payments landscape. The country's CBDC is still in the multi-stage and multi-year process, and the consultation closes on July 26.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Giant Cryptocurrency Whale Loses $32 Million in an Altcoin to Hackers
According to Onchain data, a giant crypto whale lost a large amount of his altcoins to hackers. Here are the details.
Legendary Analyst il Capo Shares What He Expects in Altcoins
Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, evaluated the altcoin market in his statement.
User loses $32 million spWETH in a sophisticated phishing attack
Shiba Inu Grows Stronger as a Community-Driven Cryptocurrency
Trending news
MoreCrypto prices
More
