The Reserve Bank of Australia launches Digital Currency Project

Reserve Bank Of Australia

Australia’s Central Bank announced on Tuesday that it was launching a one-year research program for a Central Bank Digital Currency (CBDC) in Australia, centering on the economic benefits the project might bring.

The Reserve Bank of Australia (RBA) is partnering with a government-backed industry group, the Digital Finance Cooperative Research Centre (DFCRC), to launch the program.

The digital currency project will identify innovative use cases and business models that the issuance of a CBDC could support and also understand some of its technological, legal, and regulatory considerations.

The project will demand the development of a limited-scale CBDC driver that will operate in a restricted environment and involve a pilot CBDC that is a real claim on the RBA.

The Interested industry participants will also be invited to expand specific use cases that demonstrate how a CBDC can be used to provide innovative and value-added payment and settlement services to households and businesses.

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.