Reserve Bank of Australia Unveils Proposed CBDC Use Cases
The Re serve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers that have been “invited to participate in the live pilot.” Collaboration Between Industry Participants and the Central Bank The Australia central bank, which has been exploring the benefits of central bank digital currency (CBDC), recently announced the digital currency’s proposed use cases as well as the names of providers “invited to participate in the live pilot.” In a press statement, the bank, which is known as the Re serve Bank of Australia (RBA), said the chosen use cases were selected from a large number of submissions from industry participants. Brad Jones, an assistant governor at the RBA, is quoted in the statement lauding the industry participants...