The Reserve Bank of Australia to explore use cases for CBDC

The Reserve Bank of Australia to explore use cases for CBDC

The pilot project will last a year, and the details for potential participants will be published in the next few months. The Reserve Bank of Australia weighs in the central bank digital currencies (CBDCs) race to explore use cases for a CBDC in the country. It will collaborate with the Digital Finance Cooperative Research Centre (DFCRC) on a respective research project. As stated in an announcement from Aug. 9, the joint project of the Reserve Bank and DFCRC will focus on “innovative use cases and business models” that could be supported by the issuance of a CBDC. The technological, legal....


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