RBA: Wholesale CBDC will be given priority

Odaily Odaily News: Assistant Governor of the Reserve Bank of Australia, Jones, said that an industry project on wholesale central bank digital currency (CBDC) and tokenized commercial bank deposits will be launched, and it will be committed to a three-year digital currency research project. We will give priority to wholesale central bank digital currency, which has greater economic benefits than retail central bank digital currency. The launch of retail central bank digital currency will be decided by the government and must be legislated. (Jinshi)