At this stage it is yet to be seen that a central bank digital currency will bring conclusive benefits. From a system-wide perspective the pros and cons of a central bank digital currency are mixed. Distributing a central bank digital currency could lead to both new costs and cost savings.
It would provide an electronic form of legal tender, but would be less reliable in power outages. The payments pros and cons depend on how the digital currency is 15 The FMA is responsible for regulating crypto-currency issuers from the perspective of protecting retail investors  and promoting orderly markets (as opposed to prudential regulation). 10  designed.