September 25, 2022

The Reserve Bank Of Australia (RBA) has announced plans to explore possible use cases for its proposed Central Bank Digital Currency (CBDC). The financial institution will work on the study program with the Digital Finance Cooperative Research Centre (DFCRC).

According to an official announcement, the RBA revealed the study would focus on innovative use cases and business models. These two studies will see the RBA and DFCRC work together to determine how the CBDC will be utilized…

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