The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) today published a consultation paper which seeks industry feedback on a new research initiative, Project Acacia. This project will explore how different forms of digital money and associated infrastructure could support the development of wholesale tokenised asset markets in Australia. It was flagged in the roadmap set out in the recent joint RBA-Treasury paper and related speech on central bank digital currency (CBDC) and the future of digital money in Australia.
The consultation paper seeks expressions of interest from industry in participating in an experimental research phase for Project Acacia, and in joining an Industry Advisory Group for the project. Input is also sought on the technical and functional capabilities of new forms of settlement infrastructure and digital money, including wholesale CBDC and tokenised bank deposits, that could promote well-functioning tokenised asset markets and stability in the financial system. Responses to the consultation paper are requested by Wednesday 11 December 2024 via projectacacia@rba.gov.au.
Brad Jones, Assistant Governor (Financial System) at the RBA said, ‘Shaping the future of money in Australia is a strategic priority of the RBA and the Payments System Board. The RBA, alongside the DFCRC, are seeking to engage with industry partners on Project Acacia to examine how innovation in wholesale markets could be enabled by new forms of digital money and supporting infrastructure. The role that tokenised asset markets could play in improving the efficiency and resilience of wholesale payments and settlements, and in enhancing cross-border payments, are areas of particular interest. Our overarching aim here is to help address the larger question of how innovation in our financial system can best support the Australian economy in the digital age.’
The Digital World envisioned by these bankers is not what it is cracked up to be. Compelling everyone to comply to anything they choose to inflict on us is the aim of criminals. Never, never, never, never never give in.
Re: Topic
The poor politicians are being pulled in all directions at once.
The donors want this, the banksters want that, the public wants another thing.
If I was the politicians I would unite red and blue into a una-party that ruled by collaboration, then that would cut loose the public, then I would give the banksters license to do whatever they wanted, then I would only have to do everything the donors asked me to. But waitaminute, that’s what the politicians already did.
Boxing day in Cairns by now so I can say what I really think
Oh gee I just can’t be bothered
Oh maybe that’s it David?
How did that eighties song go – ‘my name is Norman Bates, I’m just a normal guy.’ Lol!
Merry Christmas!
MSTR: “what on earth are you attempting to convey with Bates??”
Reckon he’s suggesting you are some sort of hotel entrepreneur. Most uncharitable of him, I say. I would insist on an apology if it mattered to me. Otherwise keep laughing. lol
https://duckduckgo.com/?t=ffab&q=psycho+bates+motel&atb=v392-1&ia=web
Like everything, it can only happen if the people give consent. Say NO.
He, he… digital currencies… the latest way for the Money Merchants to suck the blood of the unworldly faithful by selling them their farts in a jar.
Just change the smell and make a killing on the stink market. Get in on it from the bottom, folks, don’t wait for its peak.
Commentator Bates ?? – as you appear to be referring to me, – and it appears to be some infantile attempt at being insulting, which needless to say doesn’t work, – can one not ask, – what on earth are you attempting to convey with Bates??
Why do you insist on attempting to cause trouble on this comments board?
There are readers of CN articles who occasionally like to post a comment or two, but why do YOU, – have to interfere with everyone’s comments?
Why do you, have to attempt to ‘rewrite’ what other commentators post?
Why do you, have to ‘correct’ or ‘amend’ what other commentators post?
Why do you, have to ‘edit’ and ‘transform’ other peoples comments to align with your limited perspective of the world?
When compared to what other commentators post, your posts come across like a teenager with no parental control of a PC search engine.
Other people post their thoughtful comments, and off you go, ‘searching’ for key words of their post, – then returning an hour later, – as the ‘World’s leading authority, – which your not.
This is why I cannot get through the first two paragraphs of your comments without bursting out laughing!, as they are so funny!, they really are!, and between you and me, when I read your posts, – I always hear them in a Ricky Gervais voice!, – which is why I can’t stop laughing [in fact I’m doing so now!].
The truth is, – I really don’t care about your adolescent Google search results, they are cheap, shallow, uninformative, childish in content, drivelling, unoriginal, dull, and just downright boring, – painfully boring in fact!
But worst of all, – your posts are utterly ‘useless.’ If they were written works, their usefulness would be toilet-paper.
You are in fact a ‘mental-midget,’ and midgets traditionally served in the capacity of funny little men, whose mannerisms were laughed at by undeformed men.
And you are a very funny little man, – are you working this year in Santas grotto?
Commenter Bates
Doesn’t matter what Michael Saylor says, the banks here won’t let you transfer to Bitcoin so we just await the next obstacle which will come in due course, anyway no harm in you talking up your futures, there are other advertisers here promoting worse stuff. Now as for BRICS they are all still under the BIS. The US had a deal with the Saudis and petrodollar since 1947, it’s not about interest rate manipulation, that’s a market like anything.
Sorry to be so verbose, could not keep it to one word or I would have.
How would you bring in something like a biblical ‘Mark of the Beast’ if you were the Luciferian elite that rule the world? You know, you cannot buy or sell without the mark…you cannot buy or sell without a CBDC account and digital ID…
First you bring in a control structure, exactly like a CBDC and a digital ID with mass surveillance, then you just tell everyone to do whatever you want, eventually to take the biblical mark of the beast.
Things are going to get ugly over this. It will all work out in the end.
“Seeking comments”, as if they give a rat’s arse about them! All they want is to gauge the extent of opposition they’re going to encounter.
And of course we’ll give them a false sense of security by pretending we don’t exist. 🙂
aapkoning the WEF is very much aligned with the UNITED NATIONS Inc, which is a corporation set up in France, is owned 52% by the Rothschild’s and smaller pieces are owned by other known banks, which are probably heavily invested in by the Rothchild’s!
Watch the documentary ‘Monopoly’, it clearly shows who owns the world! The game they play is ‘controlling interest’, so they have all the votes they need to do as they please.
BRICS nations still intend to trade in their respective local currencies via the M-Bridge hub. This has always been the stated goal.
At this year’s Kazan Summit, President Putin stated, that Western nations are welcome to join the M-Bridge trading hub, – but on equal terms with every one else!. There will be no dominant currency, where the issuer of the currency, can manipulate interest rates to destroy national economies [nations are wise to that little game].
The BRICS bloc have also made clear, that they have absolutely no intention of eliminating cash. Their national currencies will exist in two forms: i.e. [i]. Hard currency for offline settlements (cash), and [ii]. Digital currency for online settlements (cbdc).
‘Today, the digital Ruble combines properties for online settlements, and offline settlements (cash).’
‘Russian law classifies the Digital Ruble as a ”digital financial asset.” Other assets falling into the same category include digitized commodities.’ (Russia’s Pivot to Asia. Chapter 14).
https://russiaspivottoasia.com/downloads/russias-pivotto-asia-2024/
[The link is safe].
For America to participate in the M-Bridge international trading system, – the dollar has to remain solvent, – and dollar solvency appears to be what the ‘National Bitcoin Strategy’ and Trump’s ‘Strategic Bitcoin Reserves’ are really all about [which aligns with Russia’s legal definition of a ‘digital financial asset’]
At the Cantor Crypto Conference, Miami (2024), Michael Salyer dropped another little gem, stating, – ‘The best way to protect the dollar is to retire the debt and become rich, . . . the next best way to protect the dollar is to make sure that if anybody ever considers a different capital asset other than the treasury bill, – you own it, – that asset is Bitcoin.’
As the FED will not cancel the debt, – that leaves America with Salyer’s option no. 2, which is precisely what DJT is pushing.
BTC appears to be the dollar’s saving grace, – by design some may ask???
dianedraytonbuckland, Like explained on this website, No Physical money / Cash – the Matrix will be closed and no turning back. The Rothschild’s will be happy and they will have all the control, of course the human race* will have nothing but they are going to be happy, and will keep living the Jew – Hollywood dream… As 500 Millions slaves* no more no less…
Klaus Swab’s mother (Marianne), was a Rothschild:
https://twitter.com/i/status/1865197068505223484
Now it all makes sense. The WEF monstrosity has now been 100% explained.
No No No Senor…
The Reserve Bank is part of a world wide scam that is coming to an end. When Chairmen of these institutions asked hard questions they all duck and weave, claiming they are only interested in keeping inflation at 2% per annum. It has been demionstrated as nauseam since 2020 that Central banks do not do money for the benefit of populations – just their masters. It has been demonstrated here and abroad that the people in charge of these provate institutions are in it for their masters, that’s all. Fiat paper currencies are now worth zero compared to what they were woeth when they were back by gold of some commodity like silver. Note the voters in the `democracies’ or other countries where they (Central Banks) exist, like China, etc, find that their paper currency is worth zero after 2% depreciation per year in about 50 years. In the past there have been wars to draw everyone’s attetion away from what is going on with their economy and currency at the crunch point. But this time it seems that there will be no war, no distraction. Just everyone’s attention on what the CBs have done.
daviddd2, and everything in the end goes back to the Rothschild’s, being it the banks or the WEF stooges… Unless the citizen stop all the criminal acts of the elite…
Klaus Swab’s mother (Marianne), was a Rothschild: –Hmm Hmm.
https://twitter.com/i/status/1865197068505223484
Now it all makes sense. The WEF monstrosity has now been 100% explained.
Tulips
I agree Dennis.
It is ‘conservatively’ recognised, that 98% of most Western currency value has already been destroyed, whilst better informed people, – recognise that the remaining 2% was destroyed in around 2022 [in America].
This is why despite two high income earners, increasing numbers of working middle class have to take on debt to maintain their middle class lifestyle: – meaning they are basically working for nothing!
In the current economic environment, people have to generate 15% pa to reach the so called Hurdle Rate. Only at this threshold, do they start going into profit. At the moment only two asset classes are achieving this: the Nasdaq and S&P 500 at 17%, and BTC at 55%.
In August 2024, Michael Salyer outlined how nations should invest in Bitcoin: i.e., the National Bitcoin Strategy.
Salyer explains, that only two nations will be able to buy enough Bitcoin to assume economic dominance, then stating, – ‘The first nation to issue currency to buy Bitcoin will win.’
When nations start buying BTC, the race will be on, so watch out, – BTC will go exponential!
The Russian Duma MP, Anton Tkachev, recently proposed that Russia adopt BTC Strategic Reserves, Vancouver is talking of establishing a BTC reserve, as are a growing number of U.S. States, and many smaller nations. So it looks like everyone’s approaching the start line.
Just wait until the starting gun goes off!
Commenter Bates
As you appear to struggle with comprehension I won’t waste a lot of words.
It’s too late for you to tip Bitcoin derivatives, leave it to the manipulators. Bitcoin got my attention in 2012 when it cracked $100. However I have plenty of money for day to day needs and all my speculations pay off well so enjoy your mirth and I’ll leave it at that.
MSTR….The Australian version of the American Federal Reserve…the Reserve Bank of Australia was bankrupt more than a year ago, alongside the American one, and will disappear in months completely,
The Australian Treasury will rise up again as it was before, and we will print Gold backed currency to be inline with the rest of the world.
Cryptos will also rise up more, and there will be no CBDCs.
The American Federal Reserve is already bankrupted and will completely disappear in 12 months, being replaced lawfully by the Treasury of the Republic of the United States of America, along with all USD fiat currency which is now being replaced by the new Treasury notes backed by gold and precious metals.
Since this is now required all around the world in all banking, banks that cannot back their currency with gold, etc., with close down for good.
In 5 years or so, there will be no need for banks at all, and they are even now being changed into financial information centres, as each person will be their own bank throug the QFS, the Quantum Financial System, and money will be rampant.
With regards to the article, – the switch to CBDC’s is nothing less than a global ‘currency trade’ of epic proportions. The market is never wrong, and those not on the right side of the trade will be eliminated.
Since DJT’s election, the momentum of the trade has massively increased, the green light has been given to the II’s, who are now rushing in, whilst the masses have once again, allowed themselves to be left behind due to recognition failure, or the incapacity, or refusal to act upon the reality of the unfolding situation.
Those whose logic and survival instincts still intact, along with the II’s, are currently borrowing a ‘rapidly depreciating currency’ (dollar) to buy a ‘rapidly appreciating currency’ (crypto). [N.B. The dollars are all purchased at very low interest rates].
Whilst those a bit more clued up are purchasing derivatives of crypto currencies and assets.
From the Australian perspective, just glance over the S&P ASX 200, where like her Western counterparts, the chart growth trajectory has been moving incessantly higher and higher, – meaning capital is moving out of the real economy and into the largest companies, i.e., – moving from many hands into fewer hands.
But let’s take this to the next level, and superimpose the BTC chart over the Nasdaq, or S&P 500 chart, – and now let’s see what we’ve got?.
See that insignificant flat red line at the bottom?, – that’s the S&P 500 Index (SPX).
https://www.tradingview.com/x/zVzHhA7H/
Now you’ll realise where the nation’s capital has migrated to: – its been sucked out of the real economy and funnelled into BTC [ETH, XRP, SOL, etc].
When DJT get behind the Resolute Desk in February, – then it begins.
Happy New Year!
“Seeking comments” – What total bullshit. I’ve been involved with several inquiries and the political hacks have never taken the comments serious, they have their agenda. What the bastards do is LIST your name at the end of their inquiry as providing input. It is all smoke and mirrors to give the impression that they did take into consideration of alternative information.
Commentator Bates??? – is that me???
‘Destroying money ( slowing production rate ) increases the value of what’s left.’
Lol – ad infinitum!
Slowing production rate? – what’s that supposed to mean? – slowing the production of money? [I guess that’s the attempted communication???].
Central Banks do not destroy the value of currency by slowing the production of money, – they do so by ‘speeding up the production of money.’
This process does not ‘increase the value of what’s left,’ – it decreases the value of what’s left.
Lol – ad infinitum!
………….
For the more clear headed CN readers, – here’s the consequence of the FED’s production of money/debt measured in real time. And where does the money to service these debts come from? Duh!, – from the FED of course!, and what does that mean?, Duh!, – more debt creation!
https://www.usdebtclock.org/
The debt can never be serviced, hence, the need for a new currency, a revalued currency: – a digital currency for the digital age.
There are always two sides to every trade, and those who do not understand the mechanics of what’s actually going on, will remain on the wrong side of the bankers current trade. That is not a good place to be.
The bankers are using Trump to tell the semi-intelligent how to stay on the right side of their trade.
The market does not care about personal economic opinions, whims, or fools, it cares about the elimination of incorrect market interpretations: – the market is never wrong!
Listen up!
Digital Currency means you CANNOT have your dough in your pocket. Your dough HAS TO sit in somebody else’s pocket. When the lights go out, your dough disappears! But you’ll be happy. Get it?
Commenter Bates
Destroying money ( slowing production rate ) increases the value of what’s left
Just remember that no ordinary Australian asked for CBDCs, digital currencies or even wants it. They like cash!
However it is the financial gurus who have managed to completely mismanage the existing financial system that are looking for a way out so they’re not hung up by their balls by the people they ruined.
They will mismanage any new system they cook up too.
Because that’s what they do!
Negative Interest Rates is a type of debt forgiveness.’
Lol – ad infinitum!
How do the FED lower interest rates?, – turn a dial down or something?
Lol – ad infinitum!
I don’t know how bitcoin is travelling re convenience but I did read El Salvador was persuaded by the IMF to return to USD for government payments, they can still use bitcoins but it seems most people don’t, the USD is there as long as the great Satan is north of the border. El Salvador planned to keep “mining” bitcoins using volcano power and pay off the debt to the IMF. So far they are somewhere about halfway.
Negative Interest Rates is a type of debt forgiveness. Say you borrowed $1m to buy a house, after one year of NIR you only owe $990k. Then by working you paid off $90k. The bank made you work all year to pay off the debt on the house whose price inflated due to the absurdly excessive structures of banks and government. You sell the house for $1,050k and the next guy picks up the debt. The government grabs your gain in stamp duty and gives it to the central bank.
Motto is, get in and out of dollars as quick as you can, never hoard them, they are there for convenience only, which is where bitcoin doesn’t hold up, as well being backed by nothing it is essentially worth nothing. If I was the boss of El Salvador I would pay off the debt now and let the volcano take care of the rest of it.
Every thing stems from the debt market: – everything.
Did anyone notice the Central Banks coordinated loosening operation over the past month?, – the Fed [hence last weeks crash], BoE, ECB, Canada and Switzerland: – a very well executed manoeuvre in capital destruction. RBA is next.
As western CB’s are racing towards zero, or even negative rates, this confirms, they are sacrificing the currency to preserve the debt market: – as they always do.
As no one’s buying U.S. debt, the CB’s, or debt issuers are forced to buy their own debt, meaning a compounding of currency destruction.
So where do crypto and CBDC’s come in?, well to begin with, they are using BTC to inflate crypto asset prices as an indirect attempt at paying off the debt. El Salvador and Bhutan are cases in point.
BTC will get people into stable coins, which are ‘85% collateralised by U.S. Treasuries.’ Any buyers of stable coins will be purchasing U.S. Treasuries/debt without even realising it!
So ostensibly, the CB’s are using BTC to entice people to accept cryptocurrency as a means of getting them to buy U.S. debt, – other than the FED.
Why do you imagine that Trump’s second term, centres upon him becoming the so called ‘Bitcoin President,’ with America becoming the ‘Bitcoin capital if the World’?
What they need is a pitchfork in their neck!
[…] The consultation paper seeks expressions of interest from industry in participating in an experimental research phase for Project Acacia, and in joining an Industry Advisory Group for the project. Input is also sought on the technical and functional capabilities of new forms of settlement infrastructure and digital money, including wholesale CBDC and tokenised bank deposits, that could promote well-functioning tokenised asset markets and stability in the financial system. Responses to the consultation paper are requested by Wednesday 11 December 2024 via projectacacia@rba.gov.au. […]
Dear Readers,
Those in the banking industry that want us all to go digital are weak willed slaves to their corrupt and evil bosses. Such bosses need to be tried, then punished severely for their wickedness and given very long prison sentences of at least twenty years in gaol with no remission for good behaviour !
“new forms of digital money and supporting infrastructure” sounds like compulsory phone money, we were tricked into abandoning gold and silver as stores of capital and I remember in school aged about 5 the bank did a competition for best artwork which I remember since I won a book voucher and got my favourite book, so I can also remember I did a squirrel with nuts picture for the bank back then, the brainwashing had started.
Seeing as how the RBA is a Rothschild foreign owned bank then I wonder if APRA has had their say in the matter? Perhaps submissions should be sent to them.
Letter to ADIs: Operation of foreign banks in Australia
Under the Banking Act 1959, foreign banks are required to be licensed by APRA as authorised deposit-taking institutions (ADIs) in order to conduct banking business in Australia. APRA also authorises representative offices for foreign banks that otherwise wish to maintain a permanent establishment in Australia. Representative offices are generally granted an exemption under Section 66 of the Banking Act in order to use the restricted term ‘bank’ in connection with their activity in Australia. However, they must limit their activities to those prescribed by APRA for representative offices.1
http://www.apra.gov.au/adi/Publications/Pages/Letter-to-ADIs-Operation-of-foreign-bank
The Australian Prudential Regulation Authority (APRA) was established 25 years ago as an independent statutory authority that supervises institutions across banking, insurance and superannuation, and is accountable to the Australian Parliament.
APRA’s role
Prudential regulation is concerned with maintaining the safety and soundness of financial institutions, so that the community can have confidence that they will meet their financial commitments under all reasonable circumstances.
Under the legislation that APRA administers, APRA is tasked with protecting the interests of depositors, policyholders and superannuation fund members.
APRA promotes financial system stability by working closely with the Australian Treasury, the Reserve Bank of Australia, and the Australian Securities and Investments Commission.
h ttps://www.apra.gov.au/about-apra
I’m guessing the “submissions” are just window dressing to try and pretend consultation has occurred. The decision has already been made and it is up to all of us to oppose the project vehemently. If we fail, we’re slaves.
dianedraytonbuckland
Well said Diane
Yeah we missed that date. Send something anyway. They usually accept late submissions in these type of projects. Editor
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DANGER DANGER DANGER – Every person must reject the Digital ID’s and CBDC- as this is TOTAL CONTROL OVER EVERYONE AND EVERY SINGLE THING YOU DO AND DON’T DO >
See >
CATHERINE AUSTIN FITTS EXPOSES GLOBALIST BANKER COUP – June 12, 2024
So this is a coup. This is a fundamental change in the governance system, using the digital transaction system as control. And understand what this means: So you think back to the pandemic. If they wanted to lock you down and they had this kind of financial control, then your money won’t work when you leave your house. If your car is electric, your car won’t work, you can’t buy, you know, you can’t buy fuel. You can’t recharge your car buy gas.
So – and if you don’t take your mandates, your mandated vaccines, they can turn off your money.
https://forbiddenknowledgetv.net/150140-2/
—–
Catherine Austin Fitts Breaks ‘Very Bad News’ About Digital IDs and Central Bank Digital Currencies – Total Control
Catherine Austin Fitts, financial expert and Assistant Secretary of Housing and Urban Development during the Bush (H.W.) administration, has long warned about the dangers of CBDC (Central Bank Digital Currencies).
Access Denied: Implementing Complete Control Through Centralized Bank Digital Currency (CBDC).
Let’s say I want to mandate a vaccine. Your financial transaction ability can be turned off; your access to your financial assets can be denied or stopped if you don’t do what you’re told. Do Not Comply
As George Orwell, Author of 1984, once said, “Real power is achieved when the ruling class controls the material essentials of life, granting and withholding them from the masses as if they were privileges.”
If this doesn’t end now, what you know as freedom will be turned into privileges that can be turned on and off in an instant. Look to China; that’s what they intend to bring to the West. And digital IDs + CBDCs are the exact tools needed to make it a reality.
As Catherine Austin Fitts said, “Your access to your financial assets can be denied or stopped if you don’t do what you’re told.” So rather than waiting for complete tyranny to hit you upside the head, it’s more important than ever to start resisting now.
h ttps://crazzfiles.com/mep-breaks-very-bad-news-about-digital-ids-and-central-bank-digital-currencies/
—–
Australia’s mandatory Digital ID is one step closer
It’s just a “…digital thumbs up from the government that you are who you say you are.”
Deconstructing 4IR Narratives – By Kate Mason – Substack – Aug 18, 2024
Isn’t that incredible, the government is spending millions upon millions of dollars to streamline our hotel check ins. Wouldn’t have anything to do with the government having real time data on where we are, what we are doing, what goods and services we are accessing? Of course not!
“Choice! Consent! Trust! Choice- you choose what information is shared and with whom. Consent- you deliberately consent to every bit of information that you share. Trust- Information shared is trusted because the system imposes rigorous privacy and security standards to validate its authenticity.” WEASEL WORDS- “Coercion! Obligation! Control!
In the future we will not have the choice to not use a Digital ID. You will be coerced into using one for access to goods and services. You will then be centrally surveilled and controlled.
“Alll that’s being exchanged is a digital thumbs up from the government that you are who you say you are.” This is a fundamental shift in government control. The government, in future, will have the power to allow or disallow you access to services in arenas they previously had no control over.
PLEASE READ FULL ARTICLE AND SAY NO TO DIGITAL ID
h ttps://open.substack.com/pub/kate739/p/australias-mandatory-digital-id-is
A bit late / submissions are closed!