Subscribe
Israel-Hamas Conflict
NFL
Volleyball
Donald Trump
Floods
Soccer
US Economy
Kamala Harris
San Francisco 49ers
US Immigration
US Politics
Golf
Eric Adams
Published

Australia's RBA to prioritise wholesale CBDC work over retail

  • Australia will focus on a wholesale Central Bank Digital Currency instead of a retail one, marking an evolution in monetary arrangements, according to Mr. Jones.
  • The central bank plans to begin a project with the industry on wholesale CBDC and tokenized commercial bank deposits, as stated by Mr. Jones.
  • Mr. Jones emphasized that a wholesale CBDC “would represent more an evolution than revolution” in Australia's monetary system.
Insights by Ground AI
Does this summary seem wrong?

0 Articles

All
Left
Center
Right
ReutersReuters

Australia's RBA to prioritise wholesale CBDC work over retail

Australia's central bank has decided to prioritise work on a wholesale central bank digital currency (CBDC) as its economic benefits are judged to outweigh those of a retail version, a top policymaker said on Wednesday.

·United Kingdom
Read Full Article
The Star Kuala LumpurThe Star Kuala Lumpur

Australia to focus on wholesale digital currency

The Reserve Bank of Australia (RBA) says it will focus on the possible use cases for a wholesale central bank digital currency (CBDC), given the modest likely benefits and potential complications from a retail variant.

·Malaysia
Read Full Article
The Straits TimesThe Straits Times

Australia central bank to focus on wholesale digital currency rather than retail

A retail variant might bring about potential complications such as privacy concerns. Read more at straitstimes.com.

·Singapore
Read Full Article
BloombergBloomberg

Australia Central Bank to Focus on Wholesale Digital Currency Rather Than Retail

The Reserve Bank of Australia said it will focus on the possible use cases for a wholesale central bank digital currency given the modest likely benefits and potential complications from a retail variant.

·United States
Read Full Article
CointelegraphCointelegraph

Australia’s central bank launches 3-year program for wholesale CBDC

RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.

Read Full Article
U.S. NewsU.S. News

Australia's RBA to Prioritise Wholesale CBDC Work Over Retail

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

·New York, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

BusinessBusiness
Australia PoliticsAustralia Politics
OceaniaOceania
Central BankCentral Bank
EconomyEconomy
Central Bank Digital CurrencyCentral Bank Digital Currency
Australia EconomyAustralia Economy
Trending Topics
Ground News logo
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble NewsletterTimelines
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc
News
For You
Search
BlindspotLocal