Reserve Bank of Australia Tests Digital Currency W
Reserve Bank of Australia Tests Digital Currency With Real Assets for First Time
Australia's Reserve Bank moved Thursday to significantly expand its digital currency development program, launching comprehensive trials using actual money and assets for the first time rather than simulated transactions. The central bank's "Project Acacia" initiative represents a major advancement in the country's pursuit of a wholesale central bank digital currency, involving 19 pilot cases with real financial instruments across multiple industry sectors.
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