RBA plans to review retail payments regulation
Governor Michele Bullock outlines plans to modernise Australia’s payments system
Australia’s central bank governor Michele Bullock has outlined a plan to modernise the country’s payments system, including launching a review of existing retail payments regulation.
The Reserve Bank of Australia (RBA) will also continue its research on central bank digital currencies (CBDCs) and support the phase-out of a long-running electronic funds transfer system, Bullock said.
Speaking at a payments summit on December 12, Bullock noted the Australian government has introduced a bill to give
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