Central Banking

DLT will be a ‘catalyst for change’ – RBA’s Richards

The Reserve Bank of Australia

The Reserve Bank of Australia’s head of payments says the emergence of distributed ledger technology has revealed inefficiencies within existing payment infrastructures.

Speaking in Sydney today (June 26), Tony Richards said DLT was likely to act as a “catalyst for change” in this regard, forcing central banks to examine whether current payment systems remain fit for purpose.

“Cryptocurrencies and distributed ledgers are fascinating developments, both from a payments and a broader economic

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: