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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
National Bank of Kazakhstan releases report on results of CBDC pilot project ambcrypto.com /3 years ago
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