Original article by David Swan
The Australian – Page: 29 : 27-Jun-18
The Reserve Bank of Australia’s head of payments policy has downplayed the prospect that the central bank will introduce a digital version of the Australian dollar. Tony Richard says the RBA does not believe that there would be sufficient demand for a digital currency at present. He adds that a digital currency would have implications for the RBA’s financial stability mandate and the structure of the financial sector. Several fintech companies advocated the introduction of a digital Australian dollar in 2017.
RESERVE BANK OF AUSTRALIA, FINTECH AUSTRALIA PTY LTD, AGRIDIGITAL, OTHERA, AUSTRALIAN BUSINESS ECONOMISTS INCORPORATED