Search results for Reserve Bank of Australia
AI & Enterprise
AI payments spread, but refunds and liability debates loom
AI agents are beginning to pay for products and services online, but questions remain over who decides refunds and resolves disputes after transactions. Amazon’s Bedrock AgentCore Payments uses Coinbase and Stripe infrastructure to support agent payments within preset limits. Regulators such as the Reserve Bank of Australia have raised concerns about unclear responsibility when agents exceed authority. Complaints and chargebacks are rising, while some see opportunities for smaller merchants.
Crypto
Australia long-term economic outlook omits cryptocurrency; industry says it misses AI financial infrastructure
Australia’s government has identified artificial intelligence as a key force that will reshape the economy over the next 40 years, but left out cryptocurrencies and digital assets from its long-term economic outlook. The Treasury’s latest Intergenerational Report lists AI among five major shifts, alongside geopolitical conflict, ageing, the clean energy transition and a move toward services. Industry figures said the report overlooks financial infrastructure needed for AI-driven transactions, even as other government documents discuss programmable, interoperable payments.
Crypto
RBA draws line between stablecoins and deposit tokens in tokenisation
The Reserve Bank of Australia has shifted from debating whether to adopt tokenisation to focusing on how to implement it, the Block reported. Deputy Governor Brad Jones presented results from Project Acacia, which reviewed 20 use cases for tokenised assets and tested four settlement methods. The RBA outlined distinct roles for stablecoins and deposit tokens and cited network effects, legal and regulatory uncertainty as key obstacles.