RBA not convinced of strong case for central bank digital currency
Reserve Bank of Australia staff have not been convinced to date that a strong policy case has emerged in Australia for a CBDC.
Reserve Bank of Australia staff have not been convinced to date that a strong policy case has emerged in Australia for a CBDC.
A consortium of institutions led by Euroclear have concluded an experiment on the use of central bank digital currency (CBDC).
The Monetary Authority of Singapore and Banque de France complete an experiment using central bank digital currency (CBDC).
RBA is of the view there is not a strong public policy case at present for issuance of a retail CBDC in Australia.
Collaboration of Mastercard, Central Bank of The Bahamas and Island Pay enables use of the Bahamas Sand Dollar central bank digital currency.
The project will explore the implications of a wholesale form of central bank digital currency using distributed ledger technology.