Australia to explore blockchain-based wholesale central bank digital currency

The Reserve Bank of Australia (RBA) is exploring the potential use of a blockchain-based central bank digital currency (CBDC) in a wholesale form.

The Australian central bank said in announcement on Monday that the project is a collaborative one with help from Commonwealth Bank, National Australia Bank, Perpetual and Ethereum start-up ConsenSys, which is part of the RBA's continuous search on wholesale CBDC.

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