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Australia plans to launch its own digital currency.

The Reserve Bank of Australia (RBA) plans to complete its central bank digital currency (CBDC) pilot by mid-2023.

The project, which began in July, will help “further understanding of some of the technological, legal and regulatory considerations associated with a CBDC,” according to an official document.

The results of the research will be published at the end of the project around mid-2023.

Read more at the link: https://www.bloomberg.com/news/articles/2022-09-26/australia-central-bank-s-digital-currency-pilot-likely-next-year?leadSource=uverify%20wall