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RBA Launches Live Trials for Central Bank Digital Currency

"I Would Not Be Surprised If GOLD Clears $3000oz in 2025" Alan Hibbard
"I Would Not Be Surprised If GOLD Clears $3000oz in 2025" Alan Hibbard

Australia just took a big step toward launching a digital currency — but not for everyday consumers. The Reserve Bank of Australia is testing a wholesale CBDC with real money and real assets through a new program called “Project Acacia.”

Over the next six months, the RBA and industry partners will explore how digital money could make financial markets run more smoothly. The focus is on things like bond settlements, private investments, and carbon credit trading — not buying coffee with crypto.

Instead of creating a digital dollar for the public, the RBA is focused on making institutional finance faster, cheaper, and more transparent. Test partners include networks like Hedera and R3 Corda. A report will follow next year with results from the pilot.

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