Reserve Bank of Australia: Will Prioritize Wholesale CBDC
Article is form Jinse
September 17, 2024
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According to Golden Finance, Reserve Bank of Australia Assistant Governor Jones stated that they will launch an industry project on wholesale central bank digital currencies (CBDC) and tokenized commercial bank deposits. This project will focus on a three-year digital currency research program. The priority will be placed on wholesale CBDC, as it offers greater economic benefits compared to retail CBDC. The implementation of retail CBDC would require government approval and legislation.
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