Tagged: reserve bank of australia

October 27, 2024 @ 4:31 pm By Michael Wong  |  

Australia has announced a three-year initiative to explore central bank digital currencies (CBDCs), focusing on wholesale applications, regulatory reforms, and industry engagement. Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), shared details of the plan at an industry event in… Read More

September 25, 2024 @ 7:29 pm By Omar Faridi  |  

The Reserve Bank of Australia (RBA) and Treasury released a report this past week summarising research to date on central bank digital currency (CBDC) and how this has informed the RBA and Treasury’s current assessment of CBDC issues in Australia. The report also sets out… Read More

August 10, 2022 @ 10:17 pm By Omar Faridi  |  

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project “to explore use cases for a central bank digital currency (CBDC) in Australia.” Considerable research has been “undertaken by central banks, including the Reserve Bank, into… Read More

November 18, 2021 @ 3:19 pm By Tony Zerucha  |  

While the Reserve Bank of Australia (RBA) is conducting research into various applications of cryptocurrencies and distributed ledger technologies, they are under no pressure to quickly roll out solutions to address clear needs in the marketplace, a representative said earlier today. Speaking to the Australian… Read More

November 2, 2021 @ 7:25 pm By Tony Zerucha  |  

The founder of deVere Group predicts pending central bank interest rate announcements could cause a rise in the price of major cryptocurrencies this week. Nigel Green said the U.S. Federal Reserve, the Bank of England, the Central Bank of Norway, and the Reserve Bank of Australia,… Read More

August 22, 2020 @ 6:13 pm By JD Alois  |  

The Reserve Bank of Australia, Payments System Board, recently held a meeting to review several issues including the issuance of Central Bank Digital Currency (CDBC). The Bank noted that the Australian payments system has performed well during the COVID-19 pandemic. Cash during COVID has become… Read More

April 7, 2020 @ 10:58 am By Omar Faridi  |  

Up is the latest digital banking service provider to slash its savings rates following the Reserve Bank of Australia’s recent cut to the nation’s official interest rates. The Melbourne-headquartered neobank has adjusted the maximum rate on its Saver Account. The new rate has been marked… Read More

March 17, 2020 @ 10:59 am By Omar Faridi  |  

Three major Australian neobanks have slashed their interest rates by 0.25% during the past few days, following the decision taken this month by the nation’s reserve bank to reduce rates. 86 400 was reportedly the first Australian digital bank to reduce the maximum interest rate… Read More

June 25, 2019 @ 1:29 am By Cali Haan  |  

Reserve Bank of Australia chief Philip Lowe told participants in a Q&A session June 20th that he does not expect Facebook’s new Libra cryptocurrency network to be fully implemented any time soon. “There’s a lot of water under the bridge before Facebook’s proposal becomes something… Read More

October 25, 2018 @ 12:43 am By Cali Haan  |  

After spending $700 000 Australian dollars investigating the industrial potential of blockchain, Australia’s Digital Transformation Agency (DTA) has determined that current versions of the tech are “interesting” but in no way better than other systems, ZDNet reports. DTA Chief Digital Officer Peter Alexander reportedly told Senate… Read More

July 28, 2017 @ 11:14 am By JD Alois  |  

FinTech Australia is out with a statement saying that two recent independent reports bode well for the underlying strength of Australia’s Fintech industry and further opportunities for growth. Earlier this week, the Reserve Bank of Australia released a discussion paper on consumer payment methods.  On… Read More

July 28, 2017 @ 10:57 am By JD Alois  |  

The Reserve Bank of Australia is out with a discussion paper on the current environment for payments in Australia. The Consumer Payments Survey (CPS), which takes place every three years, recorded information on around 17,000 day-to-day payments made by over 1,500 participants during a week…. Read More