RBA to trial digital wholesale currency with international central banks

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RBA to trial digital wholesale currency with international central banks

Partners with Malaysia, Singapore and South Africa.

Central banks in Australia, Singapore, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday. Many governments and ...

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australiacbdcfinancefinanceitmalaysiarbasingaporesoftwaresouth africa

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