News with the tag "Reserve Bank of Australia"

Australia has laid out a roadmap to regulate and integrate digital assets into its financial system, with a focus on tokenisation, real-world assets (RWAs), and wholesale central bank digital currencies (CBDCs). In a newly released white paper , the Australian Treasury, alongside the Australian Secu...

Australia’s central bank and banknote issuing authority is pursuing initiatives on central bank digital currency (CBDC) and digital money. According to Reserve Bank of Australia (RBA) assistant governor Brad Jones, the central bank’s work agenda on digital money will focus more on wholesale CBDC use...

The National Australia Bank (NAB) has reportedly ceased development of its Ethereum-based stablecoin, AUDN. This decision comes just a year after the bank first announced its plans to venture into the stablecoin space. The development team behind AUDN has since left NAB to pursue a new project calle...

The Re­serve Bank of Australia (RBA) has expressed its willingness to explore­ the potential use of a central bank digital currency (CBDC) as an alternative form of mone­y in the future. If impleme­nted, a CBDC would be a digital token issue­d by the RBA that represe­nts ownership claims on its rese...

Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.

The Reserve Bank of Australia (RBA) has maintained its interest rate at 4.1 percent for the third consecutive month. However, they have indicated that additional rate hikes might be necessary to keep inflation in check. This decision keeps the cash rate at its highest level since April 2012 and mark...

In July, inflation in Australia dropped to its lowest point of 4.9% in 17 months, mainly due to reduced holiday travel and fuel costs. Even the core inflation measure, which looks at essential price changes, showed a decrease, which suggests that there might not be a need to increase interest rates....

Reserve Bank of Australia's CBDC issuance awaits, after a comprehensive pilot study identifies legal, technical, and operational challenges.

The Reserve Bank of Australia (RBA) has stated that the possibility of introducing a central bank digital currency (CBDC) is still years away. The announcement follows the conclusion of a pilot investigation conducted by RBA in collaboration with the Digital Finance Cooperative Research Centre. In a...

The RBA has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency.