<ul><li>The Reserve Bank of Australia (RBA) has stated that there is no clear public interest case to issue a retail CBDC in Australia at this time.</li><li>The Banco de la República de Colombia has published a report stating that there are not sufficient reasons for the issuance of a CBDC in Colombia.</li><li>The Bank of Canada is scaling down its work on a retail CBDC and shifting its focus to broader payments system research and policy development.</li><li>Central banks are recognizing that people already have access to efficient ways to make payments through mobile banking, payment apps, and cryptocurrencies, and therefore, a digital currency may not be necessary.</li></ul>

Australia, Canada, and Colombia Press Pause on CBDC Initiatives

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