Reserve Bank of Australia issues report on CBDC use cases

On August 23, the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in a report detailing the implications of a central bank digital currency (CBDC).

Notably, this investigation involved the RBA issuing a pilot CBDC to selected industry participants within a secure environment, marking a departure from previous theoretical experiments. This CBDC was not just a concept but a legitimate claim on the central bank, enabling a deep dive into the legal, regulatory, technical, and operational facets of CBDC issuance, thus guiding future policy decisions.