Australia's Central Bank Launches Digital Currency Project

AUG 1 2022·UPDATED AUG 9 2022

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Image copyright: Reuters

The Spin

Pro-establishment narrative

The RBA is taking a necessary step toward normalizing the already-established cryptocurrency market. The question isn't whether the technology works, it's how the government can best collaborate with crypto industry leaders to ensure a CBDC maximizes the potential benefits of an official currency for all Australians.

Retail Banker International

Establishment-critical narrative

While a digital currency certainly has advantages, we should have privacy concerns. A CBDC - which would allow the monitoring and restricting of transactions - could become a government instrument that violates people's financial independence.

The Conversation