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Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive.
Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand, claimed that the country has “no imminent plans” to issue a CBDC.
Innovation across all sectors has long been supported by investors. Many of the world’s most transformative ideas were powered by venture capital, capital that’s becoming increasingly important as software continues to “eat the world”.