As the world increasingly shifts towards digitization, the debate surrounding Central Bank Digital Currencies (CBDCs) has become a focal point in financial discussions. A recent survey by Deutsche Bank reveals a striking preference for cash among consumers, despite the growing interest in CBDCs. This article explores the reasons behind this trend, the implications for financial […]
Australia Prioritises Wholesale CBDC Over Retail Version
In a significant shift in digital currency strategy, the Reserve Bank of Australia (RBA) has announced its intention to focus on the development of a wholesale central bank digital currency (CBDC) rather than a retail version. This decision stems from considerations of practicality and benefit, as the RBA believes a wholesale CBDC represents an evolutionary […]