Reserve Bank of Australia Launches Consultation on Tokenized Market Settlement Services

The Reserve Bank of Australia has initiated a consultation to explore the role of its information and transfer systems in the settlement of tokenized ecosystems. This consultation aims to gather opinions from various stakeholders on how related services can support the development of Australia's tokenized asset market and private currencies, while maintaining financial security, operational efficiency, and financial stability. The deadline for submissions is October 30. The report indicates that Australia's retail payment system provides good services for households and businesses, and there is currently no sufficient public interest rationale for introducing a retail central bank digital currency.

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