RBA stepping up CBDC research despite scepticism over use

Currency2

Australia’s central bank is increasing its research into digital currencies, despite its scepticism about the case for issuing one, its head of payment policy said.

The risk of private sector initiatives dominating the payment space has led the Reserve Bank of Australia to “step up” research, said Tony Richards.

RBA officials have “not been convinced to date that a strong policy case has emerged in Australia for a CBDC”, Richards said in a speech on November 18.

The main reason for this

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: