On August 23, the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in a report detailing the implications of a central bank digital currency (CBDC).

Notably, this investigation involved the RBA issuing a pilot CBDC to selected industry participants within a secure environment, marking a departure from previous theoretical experiments. This CBDC was not just a concept but a legitimate claim on the central bank, enabling a deep dive into the legal, regulatory, technical, and operational facets of CBDC issuance, thus guiding future policy decisions.

Use cases

The report outlined a multitude of submissions from industry participants, each presenting unique CBDC use cases that may offer …