RBA sees no immediate need for retail CBDC

Digital currency

The Reserve Bank of Australia currently sees no public policy case to issue a retail central bank digital currency (CBDC), RBA’s head of payments policy Tony Richards said today (October 14).

In a speech before the UWA Blockchain and Cryptocurrency Conference, Richards pointed out that although cash usage in payments is declining, it is “still widely available and accepted as a means of payment”.

Additionally, “Australian households and businesses are well served by a modern, efficient and

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