{"id":558291,"date":"2023-03-02T01:35:01","date_gmt":"2023-03-01T22:35:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/australian-central-bank-to-launch-live-pilot-of-cbdc-in-coming-months\/"},"modified":"2023-03-02T01:35:01","modified_gmt":"2023-03-01T22:35:01","slug":"australian-central-bank-to-launch-live-pilot-of-cbdc-in-coming-months","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/australian-central-bank-to-launch-live-pilot-of-cbdc-in-coming-months\/","title":{"rendered":"# Australian central bank to launch &#8216;live pilot&#8217; of CBDC in coming months"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d692841c3c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d692841c3c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/australian-central-bank-to-launch-live-pilot-of-cbdc-in-coming-months\/#%E2%80%9D_Australian_central_bank_to_launch_%E2%80%98live_pilot_of_CBDC_in_coming_months_%E2%80%9C\" >&#8221; Australian central bank to launch &#8216;live pilot&#8217; of CBDC in coming months &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Australian_central_bank_to_launch_%E2%80%98live_pilot_of_CBDC_in_coming_months_%E2%80%9C\"><\/span>&#8221; Australian central bank to launch &#8216;live pilot&#8217; of CBDC in coming months &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Australia&#8217;s central bank is set to launch a &#8220;live pilot&#8221; of a Central Bank Digital Currency (CBDC) &#8220;in the coming months,&#8221; according to a joint statement from the  Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC), an Australian financial research institute.<\/p>\n<p>The RBA <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.rba.gov.au\/media-releases\/2023\/mr-23-06.html\">said<\/a> on Mar. 2 local time said it was collaborating with the DFCRC on a research project to &#8220;explore potential use cases and economic benefits of a central bank digital currency (CBDC) in Australia.&#8221;<\/p>\n<p>The RBA announced the initial stage of the research project involved the selection of several financial industry participants to demonstrate potential use cases of the CBDC, which will provide possible benefits of a CBDC.<\/p>\n<p>This will involve a&#8221;live pilot,&#8221; which the RBA says will take place over the coming months.<\/p>\n<p>Use cases being piloted will include offline payments, tax automation and a CBDC for &#8220;trusted Web3 commerce,&#8221; while participants of the trial range from banks, such as Commonwealth Bank and Australia and New Zealand (ANZ) bank to payment providers such as Mastercard.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/f68c8e14-5254-400d-91ed-62f7a2f4da7f.png\"><figcaption style=\"text-align: center;\"><em>Selected CBDC use cases and the providers of each. Source: RBA<\/em><\/figcaption><\/figure>\n<p>Brad Jones, Assistant Governor (Financial System) at the RBA said, &#8220;The pilot and broader research study that will be conducted in parallel will serve two ends \u2013 it will contribute to hands-on learning by industry, and it will add to policy makers\u2019 understanding of how a CBDC could potentially benefit the Australian financial system and economy.\u201d<\/p>\n<p class=\"post-content__disclaimer\">This is a developing story, and further information will be added as it becomes available.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/australian-central-bank-to-launch-live-pilot-of-cbdc-in-coming-months\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Australian central bank to launch &#8216;live pilot&#8217; of CBDC in coming months &#8220; Australia&#8217;s central bank is set to launch a &#8220;live pilot&#8221; of a Central Bank Digital Currency (CBDC) &#8220;in the coming months,&#8221; according to a joint statement from the Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC), an Australian financial&#8230;<\/p>\n","protected":false},"author":1,"featured_media":558292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/e526635e-f4cd-4601-99db-1359ee8fa85a.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75046,75022,75159,20358,117],"class_list":["post-558291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cbdc","tag-central-bank","tag-digital-currency","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=558291"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/558292"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=558291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=558291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=558291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}