The Reserve Bank of Australia has announced plans to investigate the potential economic benefits of introducing a central bank digital currency (CBDC).
The Reserve Bank of Australia (RBA) announced a year-long pilot project on Tuesday to investigate “innovative use cases and business models” for a CBDC and gain a better understanding of technological, legal, and regulatory considerations. For the project, the RBA will collaborate with the Digital Finance Cooperative Research Centre (DFCRC), a government-backed industry group, to develop “specific use cases” that demonstrate how a CBDC could provide innovative payment and settlement services to householdsand business .
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The Reserve Bank of Australia has announced plans to investigate the potential economic benefits of introducing a central bank digital currency (CBDC).
The Reserve Bank of Australia (RBA) announced a year-long pilot project on Tuesday to investigate “innovative use cases and business models” for a CBDC and gain a better understanding of technological, legal, and regulatory considerations. For the project, the RBA will collaborate with the Digital Finance Cooperative Research Centre (DFCRC), a government-backed industry group, to develop “specific use cases” that demonstrate how a CBDC could provide innovative payment and settlement services to householdsand business .
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
