The Reserve Bank of Australia (RBA) (the central bank) and Treasury have released a report summarizing research to date on central bank digital currencies (CBDC) and how these studies inform the RBA and Treasury’s assessment of Australia’s CBDC issues Provide reference. The Reserve Bank of Australia said it would prioritize work on a wholesale central bank digital currency rather than a retail version. Compared with the retail version of CBDC, wholesale CBDC shows more significant potential benefits and faces relatively few challenges. Wholesale CBDCs are digital tokens issued by central banks for use by banks and financial institutions, while retail CBDCs are aimed at consumers and daily transactions. (Coindesk)