RBA study finds no need for wider access to central bank money
Central bank says there is no ‘compelling case’ in report on wholesale tokenisation and settlement
A study by the Reserve Bank of Australia on the development of wholesale tokenised asset markets has found “no compelling rationale” for expanding access to central bank money, despite would-be stablecoin issuers expressing interest in the idea.
The RBA today (May 18) published a report on Project Acacia, a joint initiative with Australia’s Digital Finance Cooperative Research Centre to research digital money and settlement infrastructure developments. At the time of the project’s launch in 2024
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