Australian central bank launches CBDC research project

The RBA at night
Photo: RBA

Australia’s central bank said today (August 8) that it is launching a one-year research project to examine the potential economic benefits of introducing a central bank digital currency (CBDC).

The Reserve Bank of Australia will work on the project with the Digital Finance Cooperative Research Centre (DFCRC), a government-funded industry group.

The programme will focus on innovative use cases and business models that could be supported by the launch of a CBDC, said the RBA. It will also be an

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