Australia Central Bank’s Digital Currency Pilot Likely Next Year
This article is for subscribers only.
The Reserve Bank of Australia is working to identify business models and uses for a central bank digital currency, or eAUD, and is likely to conduct a pilot early next year.
The project, which began in July, will help “further understanding of some of the technological, legal and regulatory considerations associated with a CBDC,” the RBA and the Digital Finance Cooperative Research Centre said in a White Paper Monday.