The Reserve Bank of Australia experienced a system issue yesterday evening, which impacted the Fast Settlement Service (FSS).
Reserve Bank of Australia staff have not been convinced to date that a strong policy case has emerged in Australia for a CBDC.
RBA is of the view there is not a strong public policy case at present for issuance of a retail CBDC in Australia.
RBA’s Payments System Board is concerned about the recent operational issues affecting CHESS and ASX’s trading systems.
The project will explore the implications of a wholesale form of central bank digital currency using distributed ledger technology.