Australia: Adopted Project Dunbar enacting Central Bank Digital Currencies (CBDCs) for international settlements
Description
Adopted Project Dunbar enacting Central Bank Digital Currencies (CBDCs) for international settlements
The Bank for International Settlements (BIS) Innovation Hub and the Central Banks of Australia, Malaysia, Singapore, and South Africa agreed to test the use of central bank digital currencies (CBDCs) for international settlements. The "Project Dunba…
Scope
Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
cross-cutting
Implementation Level
bi- or plurilateral agreement
Government Branch
executive
Government Body
central bank