RBA governor Philip Lowe signals central bank is open to retail digital currencies

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Lowe outlines ways tokens rather than dollars might circulate in Australia but is ‘sceptical’ of cryptocurrencies for general payments

“How far we go in this direction and what form these tokens might take are yet to be determined,” Lowe said.for a central bank digital currency .released its report on transforming the payments system, noting more than 800,000 Australians have transacted in digital assets in the last three years. The number has risen 63% this year alone compared with 2020.

 

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