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Bank lobby group concerned a CBDC could accelerate any bank run | interest.co.nz

Retrieved on: 2024-07-31 17:07:56

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Bank lobby group concerned a CBDC could accelerate any bank run | interest.co.nz. View article details on hiswai:

Summary

The article discusses the New Zealand Banking Association's (NZBA) concerns regarding the Reserve Bank of New Zealand's (RBNZ) plan to introduce a Central Bank Digital Currency (CBDC). It highlights criticisms around potential financial stability risks and a recommendation for a wholesale CBDC instead. The key concept of 'Stablecoin' features as an alternative to the CBDC, reflecting the tags 'Monetary reform, Cryptocurrencies, Central Bank Digital Currency.'

Article found on: www.interest.co.nz

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