#RBA focuses on institutional-grade CBDC! 🇦🇺

The Reserve Bank of Australia (RBA) issued the latest strategic statement, deciding to prioritize the research and development of institutional-level central bank digital currencies (CBDC) and suspend the retail version of CBDC plans. Brad Jones, assistant governor of RBA financial systems, said that the potential benefits of institutional-level CBDC are more significant and the challenges are relatively few. Public participation plans for retail CBDC will be postponed until 2025, with further research and experimentation set to take place in the coming years. In 2027, the RBA will publish a document examining the merits and potential forms of a retail CBDC.

What do you think of this decision? Welcome to share your views in the comment area! 💬