RBA Steps Up CBDC Research, But Is Not Convinced There Is a Policy Case Yet: Official

RBA Steps Up CBDC Research, But Is Not Convinced There Is a Policy Case Yet: Official
The Reserve Bank of Australia has been ramping up research into central bank digital currencies (CBDCs), but is not convinced “that a strong policy case has emerged in Australia,” said Tony Richards, Head of Payments Policy at the RBA.Australia’s current payment infrastructure provides consumers with ample safe and convenient options, Richards said, addressing the Australian Corporate Treasury Association on Thursday.However, given payments innovation around the world, providing a new form of digital money could be key to “safeguarding confidence in national monies and the role of fiat currencies at the heart of monetary, financial and payment systems,” as well as…