The platform will deploy blockchain and smart contracts in asset custody, currency exchange, and alternative investment financial services and would work similar to liquidity pools on DeFi protocols.
Brazil is moving forward with its central bank digital currency plans, and in the latest move, it has picked nine firms to explore digital real possibilities, including the region’s largest digital currency exchange.
Brazil’s regulators have jointly launched a blockchain-powered platform to share information between them, reducing bureaucracy and increasing transparency.
The Banco Central do Brasil, has announced that it now classifies traded cryptocurrencies as assets.
Banco Central do Brasil is using blockchain for information sharing because it allows horizontal communication between all regulators connected to the platform.
