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The Payments System Board, one of two boards of the Reserve Bank of Australia, has earlier today (August 16, UTC) posted an update regarding its August 2019 Meeting.

The Payments System Board, which responsible for the Reserve Bank’s payments system policy, including policy in relation to clearing and settlement (CS) facilities, discussed a variety of issues at its meeting today, including crypto-assets.

The Board discussed the announcement by Facebook of the proposed introduction of a ‘global cryptocurrency’ as well as a new Facebook subsidiary to provide digital wallet services.

 

 

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