Australian CBDC receives unexpected interest but could hurt banks: RBA
A Central Bank Digital Currency (CBDC) pilot program in Australia has received more than 140 use case proposals from the finance industry, but the Reserve Bank of Australia (RBA) warns that it could displace the Australian dollar and result in people avoiding commercial banks entirely. The RBA released a speech on Dec. 8 to be […]
Digital assets could add $40B a year to Aussie GDP: Tech Council report
Up to $40 billion a year (AU$60 billion), could be added to Australia’s national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses according to a new report. The Nov. 29 Digital assets in Australia report was commissioned by the Tech Council of Australia (TCA), one of […]