Bank of Australia: We have improved our research on CBDCs, but we still don't think there is a good reason to do so.

According to Golden Financial, Tony Richards, chief financial officer of a bank in China, said Thursday that the Bank of China, like other large mid-sized companies, has advanced its research on digital advantages in China, but benefits are still there. incredible. Tony Richards said most large companies have decided whether or not to acquire a digital currency bank (CBDC), but have yet to have a midsize bank to do so. . CBDC is the equivalent of money available on the internet only, and unlike cryptocurrencies, it has no functionality involved. Since the whole picture could lead to a massive sell-off of CBDCs, the Bank of Australia has stepped up its research on CBDCs. Tony Richards said: “Australia's existing electronic payment system has provided families and businesses with a wide range of secure, convenient and affordable payment services.” I don't think Australia has a valid reason to use the CBDC. "