Assistant Governor of the Reserve Bank of Australia, Jones, announced that Australia will launch a three-year digital currency research project, focusing on central bank digital currency (CBDC) and tokenized commercial bank deposits at the wholesale level. 🎉 This project aims to explore the economic benefits of wholesale central bank digital currency, which is considered to have greater economic potential than retail central bank digital currency. The launch of retail central bank digital currency is subject to government legislation. 📊

This move marks an important step for Australia in the field of digital currency, and the global blockchain industry will closely monitor its progress. 🚀