Digital Cash April Webinar

From youtube.com/reservebankofnz

00:00 Introductions. • 01:02 Agenda. • 01:33 What is digital cash? • 03:45 Why is RBNZ investigating digital cash? • 05:33 Examples of how people would use digital cash. • 09:44 Start of audience questions - Digital cash uptake. • 10:22 Question - Will digital cash be programmable at any stage? • 11:00 Question - Will there be a charge to retailers? • 11:56 Question - Privacy. • 13:20 Question - Do you envision every New Zealander using digital cash alongside a bank account? • 13:57 Question - Why are instant transactions important? • 15:25 Question - If cash is harder to get, why isn't that problem being solved? • 16:46 Question - Will the supply of digital cash be limited? • 17:47 Question - Will people be able to get a loan directly with RBNZ? • 18:32 Question - Is RBNZ becoming a commercial bank? • 20:25 Question - What evidence do you have that cash is being used less? • 21:44 Question - Will digital cash become a value anchor for the NZD like physical cash? • 22:07 Question - Accessibility for people without digital devices. • 22:50 Question - Will RBNZ reserve the right to freeze digital cash accounts? • 23:37 Question - Anti-money laundering. 24:57 Question - Supply of digital cash/ inflation rate. 26:07 Question - Has your team consulted with banking sector? How will role of banking change? 27:07 Question - What is happening globally with digital cash/ CBDCs? 28:34 Question - Would digital cash incur interest? 29:27 Question - How concerned is RBNZ about the uptake of cryptocurrencies? 31:33 Question - Would banks be able to use digital cash as a balance sheet asset? 33:05 Question - Guidelines for 3rd party suppliers. 34:05 Question - Will RBNZ know who the owners of digital cash are? 34:53 Question - Any learnings from other central banks around digital cash? 36:11 Question - Will digital cash be linked to digital ID? 36:57 Question - How will RBNZ ensure digital cash cannot be double spent? 38:18 Question - Would people outside of NZ be able to hold digital cash? 39:00 Question - Anti-money laundering. 40:16 Question - Is there a saving limit on digital cash? 40:52 Question - Will smaller banks be able to get into digital cash/ digital wallets, not just big banks? 41:45 Question - Will digital cash use blockchain? 42:30 Question - Will people be forced to adopt digital currency? 42:40 Question - Could you receive govt payments in digital cash? e.g. ACC 43:17 Question - What you are most excited for? 44:52 Wrap up