Reserve Bank of Australia: Wholesale central bank digital currency will be given priority

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On September 18, Assistant Governor of the Reserve Bank of Australia, Jones, said that an industry project on central bank digital currency (CBDC) and tokenized commercial bank deposits at the wholesale level will be launched. The three-year digital currency research project is committed to.

The Reserve Bank of Australia will give priority to wholesale central bank digital currency. Wholesale central bank digital currency has greater economic benefits than retail central bank digital currency. The launch of retail central bank digital currency will be decided by the Australian government and requires legislation. (Jinshi)

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