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23 October 2020

Australian Central Bank Sees No Case for Digital Currency - CoinDesk

Australian Central Bank Sees No Case for Digital Currency - CoinDesk


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The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday.

According to Richards, the RBA looked at a number of factors that could help shape a potential CBDC, including the role of the central bank and private entities; whether it would be account-based or token-based; whether it could be used offline; what degree of anonymity might be allowed; and even whether an Australian CBDC would be based on a blockchain or distributed ledger platform

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