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Bloomberg
The Reserve Bank of Australia (RBA) is working to identify business models and uses for a central bank digital currency, or eAUD, and is likely to conduct a pilot early next year.
The project, which began in July, will help “further understanding of some of the technological, legal and regulatory considerations associated with a CBDC,†the RBA and the Digital Finance Cooperative Research Centre said in a White Paper on Monday.
The findings will be published at the conclusion of the project in around mid-2023. The research implies no commitment from the RBA to issue a CBDC, it added.