Australia: Announced Reserve Bank and DFCRC Research Project Exploring Use Cases for CBDC
Description
Announced Reserve Bank and DFCRC Research Project Exploring Use Cases for CBDC
On 2 March 2023, the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC) announced use cases, along with their providers, which have been selected and invited to participate in a live pilot, part of the joint research project, to explore potential risks and benefits of CBDC in Australia. A report on the project is expected to be published around the middle of the 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
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2022-08-09
under deliberation
2022-09-26
in consultation
2022-10-31
processing consultation
2023-03-02
under deliberation