The Brazilian Central Bank has taken a significant step forward in its Drex digital currency pilot program by advancing to the third phase. This critical stage prioritizes enhancing […]
Brazil’s Central Bank to Integrate Drex Data for Real-Time Interest Rate Decisions
Brazil’s central bank will incorporate transaction data from its digital currency, Drex, into its interest rate decisions. Henrique Videira, executive at the central bank, announced this new approach […]
Drex CBDC’s Privacy Concerns Persist as External Support wanes
Brazil’s central bank digital currency (CBDC), Drex, faces challenges regarding user privacy ahead of its expected launch in late 2024. Recent reports indicate a decline in external support, […]