Australia's central bank digital currency pilot will be completed early next year and its findings will be made public by mid-2023, the Reserve Bank of Australia said. By amitoj
The purpose of the pilot is to"explore innovative use cases" that could be supported by the issuance of a CBDC, asaid. The white paper, which is a document produced by the bank that can later be used for future laws, said the project was also looking into regulatory considerations associated with a CBDC.
The paper did not reveal a commitment from the RBA to issue a CBDC but the bank is seeking feedback from industry participants that will"contribute to ongoing research." The experiment is expected to end in the beginning of next year with results to be published in mid-2023, according to the document.
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