Report: Australia Explores CBDC Use Cases in Four Key Areas, Says Technology is “Some Years Away”

The Reserve Bank of Australia (RBA), the country’s de-facto central bank, released the findings of its central bank digital currency (CBDC) pilot project, which has the potential “to support increased efficiency and resilience in some areas of the payments system.”
Per a report released on Wednesday, the central bank warned that more research is required to deal with risks, including “legal, regulatory, technical and operational considerations.” Given this, the bank noted,...
Read More: Report: Australia Explores CBDC Use Cases in Four Key Areas, Says Technology is “Some Years Away”