The Reserve Bank of Australia (RBA) plans to finish its pilot for a central bank digital currency (CBDC) by the middle of next year.
According to the statements made by the central bank today, within the scope of this pilot study, the CBDC what innovative uses it can offer will be reviewed.
Authorities in Australia also announced that a digital currency to be issued by the central bank They are also investigating the legal dimension.
The Reserve Bank of Australia has yet to make a final decision on whether to issue a CBDC. The RBA also seeks the views of private sector stakeholders in its research on CBDC.
The Reserve Bank of Australia plans to finish its pilot study, which it started in August, at the beginning of next year, and to share the results of the study in the middle of the year.