Top Australia Banks Part of Central Bank Digital Currency Pilot
- ANZ, Commonwealth Bank working on pilot scheme with RBA
- Report expected around mid-2023 on project’s progress
The Reserve Bank of Australia (RBA) building in Sydney.
Photographer: David Gray/BloombergThis article is for subscribers only.
ANZ Group Holdings Ltd. and Commonwealth Bank of Australia Ltd. are among leading participants in a pilot project exploring use cases for a central bank digital currency.
The banks are working with the Reserve Bank of Australia to look at how a CBDC can provide the country with economic benefits, according to an RBA statement Thursday.