Attention crypto enthusiasts! đ The Reserve Bank of Australia (RBA) has decided not to pursue a retail CBDC for now, focusing on a wholesale CBDC. At the Intersekt Fintech conference, Assistant Governor Brad Jones presented a three-year plan to develop this wholesale digital currency.
- Advantages: reduced risk, increased transparency, and better liquidity.
- Project Acacia: will explore cross-border applications and asset tokenization.
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