CoinVoice has recently learned that, according to Ledger Insights, the Reserve Bank of New Zealand has released the results of its CBDC survey initiated in April. The survey received 500 detailed responses, with 18,000 people participating in the public online survey. 90% of online survey respondents are concerned that the government will use CBDC to monitor or control their spending, with over 70% expressing distrust in the Reserve Bank issuing digital cash. However, among respondents participating in the comprehensive consultation, only 36% expressed distrust.
A more general question is whether respondents agree with the reasons for investigating digital cash. Only 16% agreed, while over 80% disagreed. The reasons given by the central bank are as follows:
Ensure that New Zealanders can use central bank currency and allow for its digital use, establishing an innovative, competitive, and beneficial monetary and payment system for the development of New Zealand's digital economy.
One of the global and New Zealand concerns about CBDC is that it may accelerate the decline of cash, while people want to ensure that physical cash remains available. [Original link]