Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Australia’s monetary authority announces a research program for CBDC.

Besides clarifying certain legal, regulatory and technological aspects, the project will also aim to identify innovative use cases for a state-issued digital currency as well as business models that could be supported through a CBDC, the monetary authority unveiled in aAccording to a survey conducted by the Bank for International Settlements in 2021, the majority of central banks are researching the feasibility of CBDCs.

As part of the initiative, a limited-scale pilot will be developed in a closed environment with a pilot CBDC that is a real claim on the Reserve Bank, the RBA also revealed, quoted by Reuters. Interested industry participants will be invited to develop solutions demonstrating how a CBDC could be used to provide new payment and settlement services for both households and businesses, the authority added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

NOT TRUE. 🤚🏼

How come Uniswap lets people get away wthish this?

I can predict that this study will show that no one needs CBDC, there are USDT, BTC and thousands of other currencies 😙

How long does the plan take? When will it be released?

What happened to $UST single-handedly destroyed the reputation of all stablecoins.

Let's pump again SpellCoin 🚀🔥🔥🔥

If they stopp this I can no longer payy my rentss?

Hoooow coooome Uniswap alloooows this ,

Australia Australia Latest News, Australia Australia Headlines