Reserve Bank of Australia + Ethereum, what's not to like?

In December 2019 I posted this story about the RBA potentially using Ethereum for a AUD-CBDC (Australian Dollar - Central Bank Digital Currency). Piece by piece the RBA are outlining more details of their AUD-CBDC approach, in this press release they advice that '...The project will involve the development of a proof-of-concept (POC) for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform...'.


I get the feeling that there is a sense of urgency now behind this project and that this is driven by currency wars that are heating up, see my post here about The Nation State Arms Race for Cryptofiat.



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