Majority have privacy concerns over CBDC – RBNZ survey
Findings show access to physical cash still important; private sector not meeting payment needs
Most of New Zealand’s citizens worry that introducing a central bank digital currency (CBDC) will infringe on their privacy, a consultation by the country’s central bank has found.
The Reserve Bank of New Zealand (RBNZ) began its consultation on “digital cash”, its version of a retail CBDC, in 2021. The results of the latest stage of the survey, conducted between April and July of this year, were published on December 10.
The RBNZ claims the consultation has received more responses from the public
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