• Australia researches Ethereum-based CBDC
    Cryptocurrencies,  Politics,  Technology

    Australia’s central bank to research Ethereum-based CBDC

    The Reserve Bank of Australia is working with ConsenSys software on a proof-of-concept using a tokenized digital currency usable for back-end transactions between banks

    The alliance will investigate the potential use and implications of a wholesale form of CBDC using distributed ledger technology (DLT), which is not accessible to consumers but only to financial institutions—and in some cases other parties that move large quantities of money.