ANZ Group CEO told Fiji's central bank to create a CBDC because, "If it goes to Bitcoin, you’ve lost control."
But it goes deeper than just Bitcoin FUD.
He says all of cryptocurrency is a problem.
Yet in a seemingly 180-degree flip: he then goes on to cite Australia as an example to follow because ANZ launched a stablecoin that resulted from the Reserve Bank of Australia's CBDC research.
Yes, that's right.
After saying bitcoin and cryptocurrency is bad, he went on to propose the government help him create his own cryptocurrency in the form of a stablecoin.
The good news here is that the Reserve Bank of Fiji did not find this argument to be persuasive.
Whether that changes is to be seen, but be sure to check out the nostr:nprofile1qyf8wumn8ghj7cnfw3ehgctrdvhxzursqythwumn8ghj7cmp9ehhyctwvajhq6tvdshxgetkqqs0rxy6jmt44guxkny8z4pkym9mxckqxfytygxuntjn6l80hj409sggjrzcm CBDC Tracker for the latest updates.