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Australia puts CBDC on hold for 'some years' after research

Project concludes legal, regulatory, technical and operational issues still to be resolved.

Martin Cloake

RBA CBDC study cover
Photo: Reserve Bank of Australia/Digital Finance Cooperative Research centre
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Australia’s central bank has delayed making any decision on a central bank digital currency (CBDC) for “some years” after conducting a year-long research project.

The Reserve Bank of Australia (RBA) concluded that “a CBDC has the potential to support increased efficiency and resilience in some areas of the payments system,

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