- The Reserve Bank of Australia (RBA) has begun developing its digital dollar and is currently in the testing phase.
- The pilot is scheduled to be completed by mid-2023.
- The projects involve a wide range of industry representatives.
Australia has become the latest country to join this trend. The Reserve Bank of Australia (RBA) announced testing for its digital currency, the eAUD, unveiling a series of pilot projects to develop its use cases. Dilip Rao, the Program Director for CBDC at Digital Finance CRC, took to Twitter to share the news.
https://twitter.com/diliprao/status/1631185095318024192
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