bitcoin

Reserve Bank of New Zealand: Why we're looking into digital cash

k00b

WTF ! This sounds like politicians talking, they say one thing one minute and then another the next.

> New technologies and new forms of electronic money are always emerging.
>
> These include:
> 
> - stablecoins
> - cryptoassets (like Bitcoin or Ethereum)
> - decentralised finance.
>
> Digital cash can take advantage of new innovative features like smart contracts.
>
> **[...]**
>
> Some other forms of digital money, like cryptoassets, are not denominated in New Zealand dollars. If a lot of people use them, it can pose a risk to our economy, the New Zealand dollar, and our monetary sovereignty. Monetary sovereignty is important because it means that New Zealand can:
> 
> - independently manage its money
> - set interest rates
> - make decisions without being overly influenced by external forces. 