Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper
2022.09.26 06:19
Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper
Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia (RBA) released a white paper outlining an elaborate plan for conducting a pilot project for eAUD.
On Aug. 9, 2022, the RBA announced a collaboration with the Digital Finance Cooperative Research Centre (DFCRC) to explore CBDC use cases for Australia. The joint research resulted in the launch of a project to test a general-purpose pilot CBDC. As outlined in the ‘Australian CBDC Pilot for Digital Finance Innovation’ white paper:
Australia’s CBDC pilot project timeline. Source: rba.gov.auTasks assigned for all the parties involved in developing eAUD. Source: rba.gov.au
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