On August 23, Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC) released a report stating that the Reserve Bank of Australia has completed a pilot of central bank digital currency (CBDC) and explored potential use cases for an electronic Australian dollar.

The report identified four main areas in which CBDC can be improved, including enabling smarter payments and asset tokenization, supporting financial market innovation such as debt securities markets, promoting innovation in emerging private digital currency fields, and enhancing the resilience and inclusiveness of the broader digital economy. The report also provided some examples of CBDC use cases that do not necessarily require the implementation of the aforementioned use cases.

The report also stated that "some participants are unsure whether they are providing custody services or trading regulated financial products when holding or trading pilot CBDC. Ideally, these issues will be addressed and resolved in relevant legal and regulatory reforms."