Reserve Bank of Australia

Study shows Australians value privacy over safety with CBDC

Business

Steve Kaaru

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18 April, 2024

Study shows Australians value privacy over safety with CBDC

A recent study found that Australians trust commercial banks as much as the central bank but are willing to pay...

Australia’s new central bank chief backs wholesale CBDC over retail

Business

Wahid Pessarlay

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18 December, 2023

Australia’s new central bank chief backs wholesale CBDC over retail

Reserve Bank of Australia Governor Michele Bullock favors wholesale CBDC for interbank settlements, citing success in recent case studies as...

Australia pilots offline CBDC, but challenges hinder real-world deployment

Business

Wahid Pessarlay

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25 October, 2023

Australia pilots offline CBDC, but challenges hinder real-world deployment

Australia's central bank digital currency pilot achieves offline payments, but mass adoption faces hurdles due to card reluctance in emergencies.

Tokenized money, CBDC could be the future of money: Australia’s central bank

Business

Steve Kaaru

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20 October, 2023

Tokenized money, CBDC could be the future of money: Australia’s central bank

The deputy governor of the Reserve Bank of Australia dismissed “speculative cryptocurrencies” and risky stablecoins but said tokenized deposits could...

Business

Steve Kaaru

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19 October, 2023

Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins

Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.

Reserve Bank of Australia: CBDC is still some years away

Business

Steve Kaaru

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24 August, 2023

Reserve Bank of Australia: CBDC is still some years away

The Reserve Bank of Australia kicked off a research project into the viability of a CBDC in 2022 and says...

Australia records first FX transaction with CBDCs as trial gathers steam

Business

Wahid Pessarlay

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20 May, 2023

Australia records first FX transaction with CBDCs as trial gathers steam

Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF...

ANZ, Grollo team up to complete CBDC use case scenario in carbon credit trading

Business

Wahid Pessarlay

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13 April, 2023

ANZ, Grollo team up to complete CBDC use case scenario in carbon credit trading

The latest development now allows the trading of tokens on publicly distributed ledgers in real-time, which was made possible by...

Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’

Business

Wahid Pessarlay

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5 March, 2023

Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’

Australia and New Zealand (ANZ) bank and the Commonwealth Bank will handle nature-based asset trading of the CBDC pilot, while...

Reserve Bank of Australia weighs pros and cons of CBDCs amid massive interest from financial firms

Business

Wahid Pessarlay

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14 December, 2022

Reserve Bank of Australia weighs pros and cons of CBDCs amid massive interest from financial firms

RBA's Brad Jones said while CBDCs present an array of use cases that could promote financial stability, they also exhibit...

Reserve Bank of Australia seeks input on use cases for CBDC pilot program

Business

Jon Southurst

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28 September, 2022

Reserve Bank of Australia seeks input on use cases for CBDC pilot program

Preparations are up for Australia's CBDC pilot initiative, with the release of a white paper rallying the industry to explore...

Australia may opt for wholesale digital currency, central bank says

Business

Wahid Pessarlay

-

31 August, 2022

Australia may opt for wholesale digital currency, central bank says

The Reserve Bank of Australia is looking to press ahead with its CBDC adoption plan; however, it is eyeing to...

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