New currencies: eAUD, the digital dollar and their role in Australia's online casinos

Introduction

The development of financial technology has led to the active adoption of central bank digital currencies (CBDCs). In Australia, eAUD, the digital Australian dollar, is being tested, and in the United States, the digital dollar is being prepared for launch. These currencies will directly impact online casino operations, where speed and security of transactions are critical.

eAUD: Digital Australian Dollar

eAUD is developed under the control of the Reserve Bank of Australia (RBA) and can become an official online gambling settlement tool.
Advantages of eAUD:

Instant deposits and conclusions without intermediaries.
Transparency - every transaction is captured in the CBDC blockchain.
Reliability - government support and stability, unlike cryptocurrencies.
Responsible gambling control - ACMA will be able to implement limits and restrictions right at the digital wallet level.

Digital USD and global impact

For international players in Australian online casinos, the advent of the digital US dollar will open up new opportunities:

Facilitating cross-border payments.
Reduced fees for international transfers.
Availability to offshore operators, making it harder to police unlicensed casinos.

However, the integration of the digital dollar can increase competition between local (eAUD) and international operators.

Potential scenarios for online casinos

1. Full eAUD integration - Australian licensed casinos are switching to the digital dollar as the main payment method.
2. Hybrid system - coexist eAUD, digital dollar and cryptocurrencies.
3. Tight regulation - offshore casinos are blocked, and all transactions only go through eAUD.

Risks of introducing new currencies

Increased control over players - regulators will see all operations in real time.
Limiting anonymity - unlike cryptocurrencies, CBDCs are completely transparent.
Dependence on the state - any failures or restrictions on the part of the RBA can directly affect the gambling sector.

Prospects to 2030

eAUD may become a mandatory currency for licensed casinos in Australia.
The digital US dollar will strengthen the position of international operators.
It is possible that multi-currency casino wallets will appear, where eAUD, Digital USD, euros and cryptocurrencies will be available.
The emphasis on AML (Anti-Money Laundering) and player protection through built-in CBDC mechanisms will increase.