It was apparent that the Bank needed to evolve – as do all businesses – to be able to meet new challenges, risks, and opportunities. These challenges ranged across, for example, record low international interest rates, changing societal expectations of business conduct and culture, a broader regulatory remit, new and emerging technologies and, of course, climate change. 1  Reserve Bank Vision.
When released in 2009, the virtual currency had a value of less than one U.S. penny per “coin.” However, just nine years later, one bitcoin reached $ 17,900 in the middle of December 2017, and the cryptocurrency’s market capitalization is now over $ billion.