The Reserve Bank of Australia (RBA) has indicated its readiness to investigate the potential adoption of a central bank digital currency (CBDC) as a prospective alternative to traditional money. In the event of implementation, a CBDC would take the form of a digital token issued by the RBA, signifying ownership stakes in its reserves.Continue Reading
Australia's central bank, the Reserve Bank of Australia, has concluded its trial run of a Central Bank Digital Currency (CBDC) pilot initiative and identified four crucial domains that could see enhancements through the adoption of an officially issued digital currency by the central bank.Continue Reading
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