🇦🇺 RBA will not pursue retail CBDC, focus on wholesale CBDC! 🏦

🔹 At the Intersekt Fintech conference, Deputy Governor Brad Jones announced the RBA's 3-year roadmap.

🔹 Research shows that retail CBDC does not bring much innovation, while wholesale CBDC has many benefits for commercial and central banks.

🔹 Benefits: reduce counterparty risk, increase transparency, improve liquidity and reduce compliance costs.

🔹 Project Acacia will explore wholesale CBDC and tokenized commercial bank deposits.

🔹 RBA also researches asset tokenization and blockchain technology, smart contracts.

🌍 134 countries are exploring CBDC, of ​​which 66 are at an advanced stage of development.

What do you think about the future of CBDC? Comment! 💬