Reserve Bank of Australia Is Set to Prioritize Wholesale CBDC Over Retail CBDC

“The RBA is making a strategic commitment to prioritise its work agenda on wholesale digital money and infrastructure – including wholesale CBDC,” Brad Jones, assistant governor for the financial system, said in a statement on Wednesday. “At the present time, we assess the potential benefits as more promising, and the challenges less problematic, for wholesale CBDC compared to a retail CBDC.”

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