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Australia’s central bank launches digital currency pilot

Al Jazeera LogoAl Jazeera3 mo ago

Australia’s central bank launches digital currency pilot

Quick Summary

Reserve Bank of Australia says year-long trial will explore "innovative use cases and business models" for currency.

Cryptocurrencies operate on peer-to-peer networks known as blockchains, which are decentralised so that no single person or group exerts control.

While sharing some similarities with cryptocurrencies, CBDCs differ from digital tokens like Bitcoin as they are controlled by a central authority.


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News Analysis

Category: World Politics

Topics: Reserve Cbdc Explore Industry Digital Bank Project Central Research Year-long Australia

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: aljazeera.com

Readership Location: Qatar

Published Date: 2022-08-09, 01:37:44

News Timezone: GMT +8:00

Language: English

Original Article Length: 291 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1501749

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About Publisher

Name: Al Jazeera

Main Topics: WorldPolitics

Official Website: aljazeera.com

Update Frequency: 54 posts per day

Last Update: 2d ago

Headquarters: Qatar

Coverage Areas: Qatar

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #145

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