‘No clear public interest case’ for retail CBDC, says RBA
Australian central bank believes wholesale digital currency has greater potential
A “clear public interest case” to issue a retail central bank digital currency (CBDC) has yet to emerge in Australia, the country’s central bank has said.
The Reserve Bank of Australia (RBA) and the Treasury department today (September 18) published a joint report assessing the potential for CDBC issuance in both retail and wholesale forms.
The reasons given by countries that had issued or indicated that they would issue retail CDBCs had “less resonance” in the Australian context, the report said
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