China’s e-currency explorations and the future of trade
ANALYSIS: The idea of issuing a central bank digital currency in NZ is seen, at least in part, as a defensive move to protect the country’s monetary sovereignty.
Xin Chen and José Miguel Alonso-TrabancoSat, 03 Jun 2023
The waning use of cash in New Zealand, paired with emerging innovations like stablecoins, has encouraged the investigation of a central bank digital currency (CBDC), which, unlike cryptocurrency, will be supported by the Government and issued by the Central Bank.
In a world where cryptocurrencies
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