Australia’s Central Bank Working With BIS To Launch Digital Currency System

An article in The Sydney Morning Herald has reported on a pilot program that Australia's Central Bank is currently working on with BIS to launch a digital currency system, but it has the possibility that the access of citizens to the economy could be cut off at any time should they say or do anything in defiance of the authorities.

Together with the Bank for International Settlements (the central bank of central banks), Australia's Reserve Bank is undertaking a pilot program over the cou...

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