• December 4, 2023


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Australia Intends to Start Testing its Own CBDC Next Year

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The Reserve Bank of Australia (RBA) has just announced a pilot trial of a national digital currency (CBDC) in the first half of 2023.

According to the white paper of the coin, the key goals of the project are to identify innovative business models, use cases, benefits and risks of CBDC for the state.

The central bank intends to publish test results for the Australian digital dollar by the middle of next year.

the head of the Australian Treasury, Josh Frydenberg, spoke at the end of 2021 about the plans of the authorities to issue a national digital currency.

In July 2022, the RBA Governor Philip Low announced the advantage of regulated cryptocurrencies over CBDCs.