Digital Cash April Webinar

Recorded via Microsoft teams
00:00 Introductions
01:02 Agenda
01:33 What is digital cash? Short video
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