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PANews, August 23, according to CoinDesk, the Reserve Bank of Australia announced on Wednesday that due to several unresolved issues at the end of the pilot project, Australia will not make any decisions on the central bank digital currency (CBDC) for several years.
In its report, the RBA said, “Given the many unresolved issues, any decision on Australia’s CBDC is likely to take several years, and the project did not embark on a full assessment of the costs, benefits, risks and other implications of introducing a CBDC. On the contrary , which is more focused on exploring how industries can use CBDC to enhance the functionality of payment systems.”
It follows news earlier today that the Reserve Bank of Australia has completed a CBDC pilot, pointing to use cases such as smart payments and asset tokenization.