Australia’s Central Bank is Conducting Internal Blockchain Research
Australia’s central bank is involved with several initiatives focused on blockchain technology, public records show.
The partnership, which also includes top Australian banks, will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology.
The Australian central bank does not see a strong case for issuing a retail central bank digital currency, its head of payments policy said.
The Reserve Bank's assistant governor for financial systems, Michelle Bullock, said there is "a lot of fuss over bitcoin."
Fewert than 1 percent of surveyed Australians paid for consumer goods with cryptocurrency in 2019, according to a new study by the Reserve Bank of Australia.
The central banks of both Australia and New Zealand have said they do not plan to create their own digital currencies – at least for now.