Reserve Bank of Australia Hires for CBDC job position

At the present time Reserve Bank of Australia is hiring blockchain experts in the Australian CBDCs project. 

In the present time regulators of Australia are looking to create a better and redefined regulation on the crypto industry so that they can provide a better clarity of rules. And with these efforts the Australian central bank is planning for the digital Australian dollar. 

The Central Bank of Australia opened the positions for the applicants who are experts in blockchain research & development. Successful applicants will get the opportunity to work with the team of the Australian Central Bank Digital Currency. 

“whether there is a case for a CBDC in Australia, and if so, how it might be designed and what benefits and other implications it would have.”

In its recent submission to the Senate, Central Bank of Australia claimed that they are conducting a research team on the development of Central Bank Digital Currency of Australia. The team conducted by the Central bank will do research on the CBDCs adoption and also they will see over the case for issuing one had emerged. 

Central bank also asserted that they will look over the most favourable regulatory approach for the Australian-backed-stablecoin. 

It seems that Australia, Malaysia, Singapore, and South Africa are much inclined in the Central Bank Digital Currency adoption. Because recently BIS (Bank for International Settlements) announced that they performed CBDCs based transactions under the collaboration with the Central banks of Australia, Malaysia, Singapore, and South Africa. 

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