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Australia Reserve Bank, partners announce ‘successful completion’ of CBDC research project
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China’s rapid-fire progress with its digital yuan CBDC, spurred rival nations into action. However, it turns out that some of them – like Banque de France – have been carrying out research projects or even CBDC pilots for months. Now, the latest to join this group was Australia.
Australia’s CBDC research project, named Project Atom, claimed a “successful conclusion” in a report by The Reserve Bank of Australia, Commonwealth Bank, National Australia Bank, Perpetual, ConsenSys, and King & Wood Mallesons.
According to the report, Project Atom is a CBDC using distributed ledger technology [DLT] and is based on Ethereum. Furthermore, spanning between 2020 and 2021, the project studied funding, settlement, and tokenized syndicated loan repayment
Read more on ambcrypto.comAbout this in other media
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