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The launch followed the publication of RS2’s latest whitepaper, How to solve banks’ legacy system challenges while controlling risk , which highlighted that up to 70% of banks’ IT budgets had been consumed by maintaining outdated infrastructure.
The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of usecases and essential legal aspects.
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