Draft Law Accuses Central Bank of Brazil of ‘Overreaching’ With Stablecoi…
In recent developments, a draft introduced in the Brazilian Congress seeks to void the recently issued stablecoin rules, arguing they represent regulatory overreach by the central bank. The proposal also…
Central Bank of Brazil Clarifies Drex CBDC Project’s Future: Digital Real S…
In recent developments, the Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project, is temporary. The bank intends to continue…
Central Bank of Brazil Postpones CBDC Strategy, Shuts Down Current Pilot Plat…
In recent developments, the Central Bank of Brazil announced it would discontinue the platform used to run drex, the Brazilian CBDC initiative, during its first two phases. Fabio Araujo, the…
