Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Lenipiw on September 20, 2020, 07:45:45 AM
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Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC. While other countries may be placing central bank digital currencies — also known as CBDCs — at the top of their agenda, Australia could buck the trend.
According to a local news report on Sept. 17, the Reserve Bank of Australia's latest payments paper has taken a cautious and sceptical line toward CBDCs as well as private-sector stablecoins.
The RBA does not believe there is currently a strong policy case for issuing a CBDC in Australia, pointing to the success of the country’s efficient, real-time New Payments Platform.
Visit here: https://cointelegraph.com/news/no-need-for-central-bank-digital-currency-in-australia-says-reserve-bank