Odaily Planet Daily News The Reserve Bank of Australia (RBA) (the central bank) and the Treasury have released a report summarizing the research on central bank digital currencies (CBDC) to date and how these studies provide the RBA and the Treasury with Provide reference for the assessment of Australia's CBDC issues. The Reserve Bank of Australia said it would prioritize work on a wholesale central bank digital currency rather than a retail version. Compared with the retail version of CBDC, wholesale CBDC shows more significant potential benefits and faces relatively few challenges. Wholesale CBDCs are digital tokens issued by central banks for use by banks and financial institutions, while retail CBDCs are aimed at consumers and daily transactions. (Coindesk)