Australia's central bank pairs with industry on digital A$ projects

📆 02/03/2023 09:30:00
📰 Reuters

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Australia's central bank is launching 14 pilot projects with the financial industry to develop real world applications for a digital Australian dollar, with the focus on business use rather than a new public means of exchange.

The Reserve Bank of Australia said proposed uses for a central bank digital currency included offline payments, corporate bond and FX settlement, tokenised bills and even livestock auctions.

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