CryptoMediaClub
Tuesday, July 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Australian CBDC could be useful for payments, tokenization, says RBA

23.08.2023
A A
0
123
VIEWS
ShareShare

Australia's central bank has completed it's pilot of a central bank digital currency (CBDC) exploring use cases for a potential e-AUD, finding its useful in four main areas including enabling complex payments and asset tokenization.

The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in an Aug. 23 report that also detailed a number of cases where a CBDC wasn't exclusively required to achieve the stated use case.

We’ve released a report with the Digital Finance CRC @DigiFinanceCRC today on the findings from an Australian central bank digital currency pilot.https://t.co/k3Zn0VFbwG #RBA #CBDC #Payments #DigitalPayments #Blockchain #FinTech pic.twitter.com/N3mp1ID6gd

— Reserve Bank of Australia (@RBAInfo) August 23, 2023

The pilot found four primary areas which could be improved by a CBDC including the enablement of "smarter" payments where a tokenized CBDC enabled a range of complex payment arrangements that were not currently supported by existing payment systems.

Additionally, the report detailed that a CBDC may support financial markets innovation such as debt securities markets, promoted innovation in emerging private digital money sectors and enhanced resilience and inclusion within the wider digital economy.

The pilot found a CBDC could be useful in four main areas, including for some payments and asset tokenization. Source: RBA

The CBDC pilot program was structured as a real legal claim on the RBA rather than a proof-of-concept which caused uncertainty over its legal status and regulatory treatment with participants.

"Some participants were uncertain if they were providing custody services or dealing in a regulated financial product because of holding or dealing in the pilot CBDC," the report said. "These issues would ideally be anticipated and resolved in any legal and regulatory reforms that accompany the issuance of a CBDC."

This is a developing story, and further information will be added as it becomes available.

Share9Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post

Chinese Official Sentenced to Life Imprisonment for Bitcoin Mining Operation and Corruption Charges

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

The 8 Worst Crypto Crimes of 2024

The 8 Worst Crypto Crimes of 2024

7 months ago
Bitcoin stays resilient regardless of latest Trump tariff shock – Bitfinex

Bitcoin stays resilient regardless of latest Trump tariff shock – Bitfinex

6 months ago
SHIBAI Turns 20x Within A Day: Memecoins In Action

SHIBAI Turns 20x Within A Day: Memecoins In Action

2 years ago
Essential Stance: Solana Co-founder Urges Gov’t to Keep away from Crypto Reserves for True Decentralization

Essential Stance: Solana Co-founder Urges Gov’t to Keep away from Crypto Reserves for True Decentralization

5 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Market Cycles and BTC Rallies Are Outdated

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

Vietnam Launches National Blockchain Platform for Data Verification

Meme Coin Supercycle? DOGE Price Up 50%, BONK 150%, FLOKI 80%

Over 99% of Banking Transactions in Australia Conducted Online

One-Click Cloud Mining: PAXMINING Opens Doors for XRP & Digital Asset Users

Trending

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M
All news

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

29.07.2025
0

A Satoshi-era holder was recently confirmed to have offloaded their Bitcoin (BTC) stack for $9 billion –...

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

29.07.2025
BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

28.07.2025
Bitcoin Market Cycles and BTC Rallies Are Outdated

Bitcoin Market Cycles and BTC Rallies Are Outdated

28.07.2025
Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

28.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz