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Australia central bank sees possible cost savings in tokenisation
Australia's central bank on Monday said tokenised money could help save billions of dollars in costs in domestic financial markets, as it studies whether and how to launch a central bank digital currency. In a speech on tokenisation, Reserve Bank of Australia (RBA) Assistant Governor Brad Jones said a key priority for the bank was assessing how different forms of digital money and infrastructure could support the development of tokenised asset markets. Australia's government on Monday separately outlined proposals for regulating crypto and digital assets that will make platforms subject to existing Australian ... (full story)