
Reserve Bank of Australia: CBDC is still some years away
The Reserve Bank of Australia kicked off a research project into the viability of a CBDC in 2022 and says bank-issued stablecoins and tokenized deposits could do a good job.
The Reserve Bank of Australia kicked off a research project into the viability of a CBDC in 2022 and says bank-issued stablecoins and tokenized deposits could do a good job.
Preparations are up for Australia's CBDC pilot initiative, with the release of a white paper rallying the industry to explore use-cases of digital fiat and how it can transform the finance sector.
The Reserve Bank of Australia said the project would essentially evaluate the economic benefits and risks of launching a central bank digital currency in the country.