Australian Pilot CBDC Test for eAUD to Commence Mid-2023

Australian pilot CBDC test for eAUD to commence mid-2023. The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks, and operational models for a CBDC in Australia.

The Reserve Bank of Australia (RBA) will be responsible for the issuance of eAUD, while the DFCRC will oversee the development and installation of the eAUD platform. Industry participants can join the pilot as use case providers once approved for implementation. The white paper suggests the use of Ethereum-based private, permissioned instance. "Pilot participants will bear their own costs for the conception, design, development, implementation and piloting of use cases, if selected," clarifies RBA.