Australia's Central Bank (RBAInfo) is launching a number of CBDC pilot projects looking at various use cases, ranging from using USDC to streamline FX trades to securities trading. iamsandali nikhileshde report
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway.
The projects will look at use cases ranging from offline payments to bond settlement to securities trading, among others,In a statement, RBA Assistant Governor Brad Jones said the participants in the pilot projects include a wide array of industry representatives, from “smaller fintechs to large financial institutions.”
“The pilot and broader research study that will be conducted in parallel will serve two ends – it will contribute to hands-on learning by industry, and it will add to policy makers’ understanding of how a CBDC could potentially benefit the Australian financial system and economy,” he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian central bank to launch 'live pilot' of CBDC in coming monthsAustralia's central bank, the Reserve Bank of Australia, released its proposed use cases for a CBDC and said a live pilot would take place in the coming months.
Read more »
Bank of England has no tech skills to issue CBDC yet: Deputy governorThe United Kingdom is not ready to issue a digital pound just yet as the Bank of England doesn’t have enough technical expertise at the moment, according to a deputy governor.
Read more »
'Ambivalent and Half-Hearted': Bank of England Criticized over Approach to CBDC | CoinMarketCapIn front of MPs, Sir Jon Cunliffe refused to be drawn on the probability of a CBDC being launched. On a scale of 1 to 10, he said the likelihood was 'more than 5.'
Read more »
Brace for 'wrathful Old-Testament-style' central bank reaction to sticky inflationBrace for a 'wrathful Old-Testament-style' central bank reaction to sticky inflation that could cause a deep US recession, says JPMorgan
Read more »
Stubborn inflation will remain at a very high level, German central bank president saysJoachim Nagel, president of Germany's Bundesbank, said that inflation is likely to remain high in the coming months.
Read more »
Silvergate Stock Plunges as Bank Says It May Face DOJ, Congressional and Bank Regulator InquiriesNEW: Silvergate Bank announced it would have to delay publishing its annual report, and hinted at increased regulatory scrutiny in a new filing. nikhileshde SteveAlpher report
Read more »