{"id":67673,"date":"2022-09-26T13:55:07","date_gmt":"2022-09-26T10:55:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67673"},"modified":"2025-09-07T07:56:48","modified_gmt":"2025-09-07T04:56:48","slug":"australia-to-begin-testing-cbdc-in-2023","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/australia-to-begin-testing-cbdc-in-2023\/","title":{"rendered":"Australia to begin testing CBDC in 2023"},"content":{"rendered":"<p>The Reserve Bank of Australia (RBA) <a href=\"https:\/\/www.rba.gov.au\/payments-and-infrastructure\/central-bank-digital-currency\/pdf\/australian-cbdc-pilot-for-digital-finance-innovation-white-paper.pdf\">announced<\/a> a pilot test of the national digital currency (CBDC) in the first half of 2023.<\/p>\n<p>According to the published white paper, the key objectives of the project are to define innovative business models, use cases, and the benefits and risks of CBDC for the state.<\/p>\n<p>The RBA intends to publish the results of testing the Australian digital dollar by the middle of next year.<\/p>\n<p>Earlier, in late 2021, Australian Treasury Secretary Josh Frydenberg <a href=\"https:\/\/u1f987.com\/en\/news\/australia-outlines-plans-for-cbdc-issuance-and-crypto-regulation\">told<\/a> of plans to issue a national digital currency.<\/p>\n<p>In July 2022, RBA Governor Philip Lowe <a href=\"https:\/\/u1f987.com\/en\/news\/rba-official-says-regulated-cryptocurrencies-have-the-edge-over-cbdcs\">stated<\/a> the advantages of regulated cryptocurrencies over CBDCs.<\/p>\n<p>In September, New South Wales senator Andrew Bragg <a href=\"https:\/\/u1f987.com\/en\/news\/australian-senator-warns-digital-yuan-poses-national-security-risk\">saw a threat to national security in the digital yuan<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of Australia announced a pilot test of the national digital currency in the first half of 2023.<\/p>\n","protected":false},"author":1,"featured_media":67674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,1095],"class_list":["post-67673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-cbdc"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=67673"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67673\/revisions"}],"predecessor-version":[{"id":67675,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67673\/revisions\/67675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/67674"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=67673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=67673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=67673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}