australia’s cbdc research test run for one year

The reserve bank of australia (rba) and an industry group are collaborating on a new study. the study will look into potential applications for a digital currency issued by a central bank and it will test run for 1 year. only a select group of participants will be granted access to a cbdc that represents a legitimate claim on the rba. anyone who is interested in helping create use cases for the cbdc are encouraged to apply. australia has high hopes for the rollout of the cbdc.

the rba has so far carried out multiple tests of its cbdc under development. the cbdcs have also gained the attention of the central banks of other countries. thai, indonesian, and bangladeshi governments have all announced cbdc progress in the past several weeks.

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