On Friday, the Reserve Bank of Australia (RBA), in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), held an invitation only conference in Sydney for participants in the Australian Central Bank Digital Currency (CBDC) pilot project.
The growth in Australia’s housing stock has dramatically slowed in the last 20 years, a surprising outcome given demand. The blame lies firmly with local councils and state governments.
Today, the Reserve Bank in collaboration with the Digital Finance Cooperative Research Centre (DFCRC) demonstrated the selected organisations exploring potential use cases and economic benefits of a central bank digital currency (CBDC) in Australia with a live demonstration. The CANVAS use case demonstrated foreign exchange trade of Australian dollar CBDC for USDC, a US dollar