Post by ComfortZone on Jul 28, 2024 3:15:44 GMT 12
for an in depth review of where the RBNZ is trying to lead NZ down the CBDC path read here about the manipulation in the consultation process
author writes
The unknowns are extraordinary, and the RBNZ seem to be gliding over the surveillance potential when Digital IDs and CBDCs are interlinked. Privacy and human rights concerns have not been addressed. While government communications stress privacy in retail transactions, far too little attention has been paid to the problem of broader government surveillance, including through backdoor access points.’
yet they try to downplay the programmability feature in their public announcements but it is there for all to see, from their own consultant
Programmable payments, the ability to build CBDC with tools such as smart contracts, are a core component of CBDC's ability to unlock new and future value for New Zealanders and willbe a foundational piece of the CBDC… programmable payments enabled by the smart contract feature of CBDCs are seen as a key differentiator for CBDCs over the existing
payments systems.’ Accenture (2024).
and here on linking CBDC's to Digital ID's
(Suggested citation.PSGRNZ (2024) Stepping Back from the Brink: The Programmable Ledger. Four democratic risks that arise when Digital IDs are coupled to Central Bank Digital Currencies)
It appears the RBNZ is proceeding down this road with very little oversight from the previous and current government
