Published 2 years ago

Australia's central bank launches digital currency project

Summary by Ground News

The Reserve Bank of Australia will carry out a year-long pilot project to examine the potential benefits of a central bank digital currency. The RBA will partner with the Digital Finance Cooperative Research Centre (DFCRC), a government-backed industry group. CBDCs differ from digital tokens like Bitcoin as they are controlled by a central authority.

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Times of India

Australia's central bank launches digital currency project

The digital currency project will seek to identify innovative use cases and business models that could be supported by the issuance of a CBDC.

2 years ago·India

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Reuters

Australia's central bank launches digital currency project

Australia's central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential economic benefits it might bring.

2 years ago·United Kingdom

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South China Morning Post

Australia to explore case for central bank digital currency

The Reserve Bank of Australia, Treasury and other agencies will oversee research effort designed to explore the potential economic benefits of introducing a central bank digital currency in the country.

2 years ago·Hong Kong

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Channel News Asia

Australia's central bank launches digital currency project

SYDNEY : Australia's central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential economic benefits it might bring.The Reserve Bank of Australia (RBA) is partnering with the Digital Finance Coo

2 years ago·Singapore

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ABC Australia

The Reserve Bank is about to run a digital currency pilot that could eventually kill stable coins

The Reserve Bank of Australia will trial its own digital currency as part of a research project to evaluate the future of Central Bank Digital Currencies (CBDC) in Australia.

2 years ago·Australia

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