Central Bank of Australia Working on Digital Currency Program

The Reserve Bank of Australia announced the launch of a research program to explore the benefits of issuing a central bank digital currency for the country’s economy. The project, expected to take about a year, will be realized together with the Digital Finance Cooperative Research Centre, an industry group partially funded by the Australian government. Besides clarifying certain legal, regulatory and technological aspects, the project will also aim to identify innovative use cases for a state-issued digital currency as well as business models that could be supported through a CBDC, the monetary authority unveiled in a statement.

Read original article.


Leave a Reply

Your email address will not be published. Required fields are marked *