Reserve Bank of Australia Rolls Out CBDC Pilot Project

The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency’s (CBDC) business models and innovative use cases.

The Australian central bank highlighted that the pilot project aimed at getting better insights into the regulatory, legal, and technological aspects of CBDCs. 
 
Michele Bullock, RBA’s Deputy Governor, pointed out:

“This project is an important next step in our research on CBDC. We are looking forward to engaging with a wide range of industry participants to understand better the potential benefits a CBDC could bring to Australia.”

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