The Reserve Bank (RBNZ) is seeking public feedback on a central bank digital currency (CBDC) to be used by the general public, which they wouldn’t need a commercial bank account for, and it says could lead to banks and other deposit takers losing profits and liquidity. In a new consultation paper, Digital cash in New Zealand, the RBNZ notes it has still not yet decided whether to issue a CBDC, which it's referring to as "digital cash." It says digital cash would be a new form of cash issued by the RBNZ to the public in addition to banknotes and coins, and the electronic money in people's bank accounts. It'd be; ... (full story)