Australia: Announced Reserve Bank and DFCRC Research Project on CBDC
Description
Announced Reserve Bank and DFCRC Research Project on CBDC
On 9 August 2022, the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC) announced the launch of a research project to study the risks and benefits of introducing a central bank digital currency (CBDC). The research project includes a pilot study of the use of CBDC, including related regulatory and technological considerations and a consultation with the industry. The research project is expected to take around one year.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
Hide details
2022-08-09
under deliberation
2022-09-26
in consultation
2022-10-31
processing consultation
2023-03-02
under deliberation