Kiwis say privacy is crucial in Digital Cash (RBNZ)
The Reserve Bank of New Zealand (RBNZ) published the results of a public consultation on New Zealanders’ views on a potential central bank digital currency (CBDC). The vast majority of respondents expressed concern about the potential for government control, privacy, traceability, and autonomy. Many feared “Digital Cash” will be used to facilitate unacceptable intrusion into their privacy or social control, even if it is not originally designed to do so. In that regard, they want assurance that the RBNZ will continue to issue physical cash. In response, the RBNZ said that it remains committed to a privacy-centric design for Digital Cash subject to financial integrity considerations. [Read more at the RBNZ]
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