The document titled “Australian CBDC Pilot for Digital Finance Innovation” details the main objectives of the initiative and explains the design of the new currency. Members of the industry have been invited to propose use cases that have the potential to improve the functioning of Australia’s economy and financial system, the RBA announced.
Compelling use cases, wholesale or retail, will be included in the pilot and used to assess the rationale for an Australian digital currency, the RBA said. A wide range of stakeholders are welcome to take part in the project, including financial institutions, fintech firms, public sector agencies, and tech companies.
Only Australian residents and entities registered in the country will be able to hold eAUD and the holdings will not bear any interest. All end users will need to be invited by an approved use case provider or know-your-customer provider. The CBDC will be stored in both custodial and noncustodial wallets.
If they make cbdc in the US, there's no way I'm gonna use it over usdt
Bank digital currency is a good development for banks only. For people, it is a bad option.
What blockchain are they using? ETH?
Really, I only listen to ChiefraFba for signals and analysis
It seems like using Tether would be safer.
SquidGrow wants to give Australian a heads up about Squid_Grow we are heading to the next galaxy. Incase you miss Bitcoin News Article about Squidgrow here you go 👇
Piyasa yine aldı başını
DFA_Analyst adamseconomics
When Australia will explore stablecoins lol? I mean they’d better start using Tether right now.
Cz CCzz
🚀Thankss a millon
Really, I only listen to ChiefraFba for signals and analysis
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