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Odaily Planet Daily News Due to several unresolved issues encountered at the end of the pilot project, Australia announced that it will not apply CBDC in recent years. The Australian CBDC Pilot Report stated that the costs, benefits, risks and other impacts of introducing a CBDC have not yet been fully assessed. At present, it will focus more on exploring how to use CBDC to enhance the function of payment system. (CoinDesk)
According to a report by Odaily today, the Central Bank of Australia has completed a pilot of a Central Bank Digital Currency (CBDC), exploring potential use cases for the electronic Australian dollar and finding it useful in four main areas, including enabling complex payments and asset tokenization, which can support Financial market innovations, such as debt securities markets, foster innovation in the emerging private digital currency space, and enhance the resilience and inclusiveness of the broader digital economy.