Australian Central Bank Insinuates CBDC is Years Away Due to Unresolved Issue

Australian Central Bank Insinuates CBDC is Years Away Due to Unresolved Issue

“Given the many issues that are yet to be resolved, any decision on a CBDC in Australia is likely to be some years away,” the report said with the caveat that the project did not set out to provide a complete assessment of the costs, benefits, risks and other implications of introducing a CBDC. “Instead, it was more narrowly focused on exploring how a CBDC could be used by industry to enhance the functioning of the payments system.”

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