• On The Edge Of The Programmable Ledger: CBDCs

    June 18, 2024
    No Comments
    Image by Craig Gibson

    Please Follow us on Gab, Minds, Telegram, Rumble, GETTR, Truth Social, Twitter  

    New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), has opened a consultation on central bank digital currencies (CBDCs). 

    This is the second of four stages.

    RBNZ considers that Stage Three will involve the development of prototypes and will be completed between 2028-2029.

    Then, in around 2030, they ‘would introduce digital cash to Aotearoa New Zealand.’

    The language the RBNZ uses, from the rhetoric around risk to the so-called benefits of CBDCs, mimics the language and concerns of the global banking, finance, and technology (Fintech) industry and management consultancy interests. 

    There doesn’t seem to be a role for Parliament to debate whether or not New Zealand’s central bank should even enter the retail currency market...

    To read more visit Zero Hedge.

    ‘NO AD’ subscription for CDM!  Sign up here and support real investigative journalism and help save the republic!  

    Author

    Avatar photo

    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of
    guest

    0 Comments
    Inline Feedbacks
    View all comments
    magnifierchevron-right

    Subscribe to our evening newsletter to stay informed during these challenging times!!