Regulatory Alerts2026-09-03
Added · Updated
RITS Consultation and Retail CBDC Update
The Reserve Bank of Australia and the Australian Treasury reaffirm that there is currently no clear public interest case for issuing a retail central bank digital currency in Australia, maintaining the assessment from their 2024 White Paper. This decision follows a structured public consultation involving 33 focus groups which revealed broad indifference among Australians toward a retail CBDC, with participants indicating that existing payment systems adequately meet their needs. The document notes that global momentum for retail CBDC research has slowed and that recent developments, including stabilized cash use and low stablecoin adoption, do not necessitate new forms of central bank money. Consequently, the RBA will continue monitoring retail payments and tokenised money while focusing on wholesale market initiatives and supporting the physical cash system.
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