Study shows Australians value privacy over safety with CBDC
A recent study found that Australians trust commercial banks as much as the central bank but are willing to pay more to share less data with authorities.
Latest Reserve Bank of Australia News
Australia’s new central bank chief backs wholesale CBDC over retail
Reserve Bank of Australia Governor Michele Bullock favors wholesale CBDC for interbank settlements, citing success in recent case studies as the central bank monitors global retail CBDC developments.
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
The deputy governor of the Reserve Bank of Australia dismissed “speculative cryptocurrencies” and risky stablecoins but said tokenized deposits could unlock $11 billion in annual savings.
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.
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.
Australia records first FX transaction with CBDCs as trial gathers steam
Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF Capital, broke down the transaction.
ANZ, Grollo team up to complete CBDC use case scenario in carbon credit trading
The latest development now allows the trading of tokens on publicly distributed ledgers in real-time, which was made possible by utilizing smart contracts.
Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’
Australia and New Zealand (ANZ) bank and the Commonwealth Bank will handle nature-based asset trading of the CBDC pilot, while the Australian Bond Exchange will handle corporate bond settlements.
Reserve Bank of Australia weighs pros and cons of CBDCs amid massive interest from financial firms
RBA's Brad Jones said while CBDCs present an array of use cases that could promote financial stability, they also exhibit risks in the monetary system, such as impeding the ability of central banks.
Reserve Bank of Australia seeks input on use cases for CBDC pilot program
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.
Australia may opt for wholesale digital currency, central bank says
The Reserve Bank of Australia is looking to press ahead with its CBDC adoption plan; however, it is eyeing to limit it to wholesale transactions as it further studies use cases of digital assets.