Northeast Australia at the CBDC Race “Me Too!” Said.

While China remains the undisputed competitor of the CBDC race, important news has come from Northeast Australia! The Sovereign Yidindji Government (SYG) has successfully issued and distributed the Sovereign Yidindji dollar using the MetaMUI identity-based blockchain.

After more than half a year of intense collaboration between SYG and MetaMUI, the team has deployed the revolutionary technology of MetaMUI, the world’s first identity-based blockchain. successfully issued a fully functioning central bank digital currency (CBDC).

The Australian government, including the Prime Minister, is currently in talks for a formal agreement between the two governments, SYG Foreign and Trade Minister Murrumu Walubara said.

With the distinction of being the first CBDC issued using the MetaMUI CBDC Platform, the Yidindji dollar was minted as a digital-only currency without paper.

Once the required procedures are completed, approximately 100 SYG citizens will be able to use their new CBDC and digital IDs for transactions in official government services as well as local businesses in the region.

Since we are not Australian, we cannot use the Australian dollar.

Walubara, who also serves as the SYG financial technology minister, stated that the studies on the subject are continuing.

On the other hand, China’s digital yuan is getting ready to show up at the upcoming Winter Olympics as countries that issue CBDC back to back, including SYG, Bahamas and Nigeria, are trying to grab a share of the current CBDC race.

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