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Australia

Australia pilots offline CBDC, but challenges hinder real-world deployment
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25 October, 2023

Australia pilots offline CBDC, but challenges hinder real-world deployment

Australia's central bank digital currency pilot achieves offline payments, but mass adoption faces hurdles due to card reluctance in emergencies.
Tokenized money, CBDC could be the future of money: Australia’s central bank
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20 October, 2023

Tokenized money, CBDC could be the future of money: Australia’s central bank

The deputy governor of the Reserve Bank of Australia dismissed “speculative cryptocurrencies” and risky stablecoins but said tokenized deposits could...
Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins
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19 October, 2023

Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins

Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.
Australia’s new regime proposal to bring digital asset platforms in line with financial laws
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18 October, 2023

Australia’s new regime proposal to bring digital asset platforms in line with financial laws

The Australian Federal Government suggested a new type of financial product called a "digital asset facility" that would bring digital...
Australia’s central bank wants more power to monitor digital wallets
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12 October, 2023

Australia’s central bank wants more power to monitor digital wallets

Australian Federal Government's Treasury Department is calling for feedback from stakeholders on the draft legislation until November 1, 2023.
India, Australia to collaborate on blockchain and AI regulatory approaches
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1 October, 2023

India, Australia to collaborate on blockchain and AI regulatory approaches

India and Australia unite to shape global blockchain and AI regulations, focusing on ethical frameworks and uniform standards for 6G...
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