New Zealand is making waves in the crypto world yet again, this time with its bold step towards launching a Central Bank Digital Currency (CBDC). In a move set to revolutionize the country’s monetary landscape, the Reserve Bank of New Zealand has announced the commencement of consultations on its innovative CBDC initiative, termed ‘Digital Cash’.
Notably, this groundbreaking development aims to introduce a digital version of cash, complementing existing physical currency while embracing the digital age.
New Zealand Launches ‘Digital Cash’ Consultation
New Zealand has caught the eyes of the digital asset sector, following its recent Central Bank Digital Currency (CBDC) announcement on the X platform. Notably, this marks a significant development, given the soaring popularity of the CBDCs globally.
In other words, the Reserve Bank of New Zealand is embarking on a transformative journey with its proposed introduction of ‘Digital Cash,’ marking a significant milestone in the
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