In a whitepaper, the Australian Central Bank describes an active CBDC pilot project – eAUD

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Last Updated on September 27, 2022 by Bitfinsider

Australians are already experimenting with CBDC. Given the government’s authoritarian handling of the lockdowns. While some authorities see Central Bank Digital Currencies as problematic and prone to abuse, others are running a pilot program. The Reserve Bank of Australia, Australia’s central bank, collaborated with the Digital Finance Cooperative Research Centre to create this whitepaper outlining the entire project.

“Central banks globally are actively exploring the potential role, benefits, risks, and other implications of CBDC. This has involved the publication of discussion papers, public consultations, and the development of proofs of concept and CBDC pilots involving real financial transactions.”

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