Odaily Planet Daily News Due to several unresolved issues encountered at the end of the pilot project, the Reserve Bank of Australia announced that it will not apply CBDC in recent years. According to a research report by the Reserve Bank of Australia, Australia has not yet conducted a comprehensive assessment of the costs, benefits, risks and other impacts of introducing CBDC, and will now focus more on exploring how to use CBDC to enhance payment system functions. (CoinDesk)
According to a report by Odaily today, the Central Bank of Australia has completed a pilot of a Central Bank Digital Currency (CBDC), exploring potential use cases for the electronic Australian dollar and finding it useful in four main areas, including enabling complex payments and asset tokenization, which can support Financial market innovations, such as debt securities markets, foster innovation in the emerging private digital currency space, and enhance the resilience and inclusiveness of the broader digital economy.