The Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC) are working together on a research project to explore use cases for a central bank digital currency (CBDC) in Australia. The project aims to further develop an understanding of some of the technological, legal and regulatory considerations associated with a CBDC. The DFCRC and the Reserve Bank have released a White Paper “Australian CBDC Pilot for Digital Finance Innovation”. The Paper explains the project’s objectives and approach in more detail, including the design of the pilot CBDC that will be utilised by industry participants to explore use cases for a CBDC. Additionally, interested stakeholders are invited to make submissions on CBDC use cases that may benefit the Australian economy and financial system.
Sources: https://cutt.ly/UVAJJuA
