@beckyal

Previously, the RBA and DFCRC conducted experiments involving both wholesale and retail CBDCs, where the digital currencies were issued on infrastructure controlled by the central bank. In the latest phase of experimentation, the central bank is contemplating issuing a pilot wholesale CBDC (wCBDC) on third-party blockchain networks, drawing inspiration from Switzerland's Project Helvetia. This approach could provide insights into the interoperability and functionality of CBDCs within existing financial frameworks. #CBDC

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