Brazil Central Bank Opens Applications for Drex Digital Currency Pilot

Brazil Central Bank Opens Applications for Drex Digital Currency Pilot

The Central Bank of Brazil has officially opened the application process for its central bank digital currency (CBDC) pilot, Drex, from October 14 through November 29. This marks the second phase of Brazil’s ongoing efforts to develop its digital real. Thirteen proposals, encompassing complex applications of the tokenized real, have already received approval. These applications include government-backed loans, agribusiness assets, public netw...

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