The financial industry has submitted more than 140 use case concepts to an Australian Central Bank Digital Currency (CBDC) test program, but the Reserve Bank of Australia (RBA) fears that it might supplant the Australian dollar and cause individuals to abandon conventional banks completely. Potential Impact of Australian CBDC In a speech made public by the RBA on December 8 that was scheduled to be delivered by Assistant Governor Brad Jones at a central bank event on December 8 and December 9 local time, Jones extensively discussed the potential impact of a CBDC on the Australian economy. According to Jones, The post Australian CBDC Draws Unexpected Interest But Could Hurt Banks: RBA appeared first on Cryptoknowmics-Crypto News and Media Platform .
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