{"id":45692,"date":"2021-07-07T15:52:23","date_gmt":"2021-07-07T12:52:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45692"},"modified":"2025-09-01T12:27:36","modified_gmt":"2025-09-01T09:27:36","slug":"rbnz-to-hold-consultations-on-potential-cbdc-issuance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/rbnz-to-hold-consultations-on-potential-cbdc-issuance\/","title":{"rendered":"RBNZ to Hold Consultations on Potential CBDC Issuance"},"content":{"rendered":"<p>The Reserve Bank of New Zealand <a href=\"https:\/\/www.rbnz.govt.nz\/news\/2021\/07\/reserve-bank-confirms-consultations-key-to-the-future-of-how-new-zealanders-pay-and-save\">announced<\/a> that it would study the potential of a national digital currency (CBDC) by the end of the year as part of a series of consultations.<\/p>\n<p>According to Assistant Governor Christian Hawkesby, the regulator intends to determine &#8220;how New Zealanders pay and save&#8221;.<\/p>\n<p>The study will pose questions about the possibility of replacing cash with CBDCs, the challenges posed by cryptocurrencies and stablecoins, and the need to modify the cash-issuance system to meet citizens\u2019 needs.<\/p>\n<p>In 2017, the New Zealand Financial Markets Authority had already equated digital-currency transactions with securities transactions.<\/p>\n<p>Earlier the Reserve Bank of Australia <a href=\"https:\/\/forklog.com\/en\/news\/australian-central-bank-to-study-wholesale-cbdc-on-ethereum\">announced<\/a> it was studying the possibility of issuing a wholesale CBDC based on Ethereum.<\/p>\n<p>According to Raiffeisen Bank, 10% of countries by 2025 <a href=\"https:\/\/forklog.com\/en\/news\/raiffeisen-bank-by-2025-10-of-countries-will-have-their-own-digital-currencies\">will have<\/a> their own digital currencies and exchanges for trading them.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of New Zealand has announced a study into the potential of a national digital currency (CBDC) by the end of the year as part of a series of consultations.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1381],"class_list":["post-45692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-new-zealand"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=45692"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45692\/revisions"}],"predecessor-version":[{"id":45693,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45692\/revisions\/45693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}