RBA: Australian CBDC receives unexpected interest but could hurt banks

12/08 06:36

According to Cointelegraph, a Central Bank Digital Currency (CBDC) pilot program in Australia has received more than 140 use case proposals from the finance industry, but the Reserve Bank of Australia (RBA) warns that it could displace the Australian dollar and result in people avoiding commercial banks entirely. The RBA released a speech on Dec. 8 to be given by Assistant Governor Brad Jones at a central bank conference held from Dec. 8 to Dec. 9 local time, in which Jones speaks at length about what effect a CBDC could have on the Australian economy. Jones notes that the RBA has been surprised by the industry interest they have received since releasing a white paper on Aug. 9, with over 80 financial entities proposing use-cases covering many areas such as e-commerce, offline, and government payments. The team working on the pilot “eAUD” program is working out which of the proposed use-cases to take into its pilot phase early next year, and is expecting to publish a report on the project around the middle of 2023.
bullishbullishbullish1bearishbearishbearish11Chia sẻ
Tuyên bố miễn trừ trách nhiệmNội dung trên không đại diện cho quan điểm của HTX.HTX không đưa ra bất kỳ lời khuyên giao dịch nào.

Bài viết liên quan

  • Image

    How To Play The Bitcoin 4-Year Cycle For The Most Gains In The Bull Market

  • Image

    VItalik Buterin Defends Long-Term Vision Amid Token Price Concerns

  • Image

    Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests

Tất cả bình luận0Mới nhấtPhổ biến

avatar
Mới nhấtPhổ biến

Bài viết liên quan

  • Image

    How To Play The Bitcoin 4-Year Cycle For The Most Gains In The Bull Market

  • Image

    VItalik Buterin Defends Long-Term Vision Amid Token Price Concerns

  • Image

    Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests