The decision on CBDC in Australia will take some time.
The CBDC pilot program was structured as a legal claim on RBA.
Australia’s central bank has completed the pilot of the Central Bank Digital Currency (CBDC), researching the use cases for a potential digital dollar. The report revealed that Australia would not make any decisions on CBDCs for some years due to some unresolved issues that came up at the end of the pilot project.
We’ve released a report with the Digital Finance CRC @DigiFinanceCRC today on the findings from an Australian central bank digital currency pilot.https://t.co/bTT84yBp02#RBA #CBDC #Payments #DigitalPayments #Blockchain #FinTech pic.twitter.com/WXfe7lchHj
— Reserve Bank of Australia (@RBAInfo) August 23, 2023
On August 23, the Reserve Bank of Australia shared a 44-page report on the findings of the project. The report mentioned that many issues have yet to resolved. So the decision on it in Australia will take some time. Adding to that, the report ment
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