According to AFR news, the Reserve Bank of Australia is discussing with other central banks the feasibility of using a “central bank digital currency” for retail, but still insists on its long-term view that a convincing case for the digital version of paper money has not yet been established.

The Bank of Australia told the Senate Fintech Inquiry Committee that its report on the use of the CBDC wholesale market is about to be completed. This will explore the creation of “tokenized assets” on the blockchain and may see a wider range of market participants access RBA’s settlement accounts.

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