Australian Reserve Bank Seeks Consultation on Role of Tokenized Market Settlement Services

Odaily News: The Reserve Bank of Australia has announced the launch of a consultation to explore the role of its information and transfer systems in settlement operations within the tokenized ecosystem. The consultation aims to gather feedback from various stakeholders on how relevant services can support the development of Australia's tokenized asset market and private money, while safeguarding financial security, operational efficiency, and financial stability. The consultation deadline is October 30. The Reserve Bank of Australia also noted that a joint report with the Treasury concluded that Australia's retail payment system adequately serves households and businesses, and that there is currently no strong public interest case for issuing a retail central bank digital currency.