Australian indigenous nation advances with digital currency
Birri Gubba dollar to be pegged to AUD and backed by assets including carbon credits
An indigenous nation in Australia signed a memorandum of understanding (MoU) on August 1 to develop a digital currency as it works to gain economic sovereignty.
The Birri Gubba Nation is partnering with the MetaMUI blockchain to create what they describe as a central bank digital currency (CBDC), though the nation currently lacks a central bank.
Glaree Banbure, the nation’s minister of foreign affairs and trade, told Central Banking that she expected the Birri Gubba dollar platform to be completed
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