Australia’s main financial regulator has decided on the platforms on which the country’s digital currency will be tested. Commonwealth Bank, National Australia Bank, Perpetual, as well as Ethereum studio ConsenSys will conduct tests before the end of this year, after which a detailed report will be issued.
The project will include the development of a proof of concept (POC) to create a tokenized form of a national cryptoasset that can be used by market participants to finance, settle and repay a loan based on Ethereum, according to the Reserve Bank of Australia website.
“Our main task is to study the impact of CBDC on efficiency, risk management and innovation in operations in the wholesale financial markets. While the possibility of using digital assets remains an open question, we are pleased to work with industry partners to recognize the role of digital currencies in the Australian payment system, ”said the regulator.
EMCD, a global crypto-fintech platform and one of the world’s largest Bitcoin mining pools, has…
TRUMP Coin is attracting crypto traders’ attention following the Trump token team's move to transfer…
XRP holders are consistently moving assets out of centralized crypto exchanges, underscoring improved market sentiment…
Ongoing capital rotation for Bitcoin (BTC) and other risky assets is igniting a new leap…
While Hyperliquid is widely known for its innovative decentralized perpetual futures exchange, the platform is…
The world's largest digital asset manager, Grayscale, is throwing its name into Ripple’s institutional story.