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Brazil

Brazil delays DREX CBDC launch over privacy concerns
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3 June, 2024

Brazil delays DREX CBDC launch over privacy concerns

Similar to developed nations, Brazil also shows great concerns regarding the privacy of CBDCs despite conducting several trials to address...
Brazil’s BV Bank tests car sales ahead of DREX CBDC pilot
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13 April, 2024

Brazil’s BV Bank tests car sales ahead of DREX CBDC pilot

BV Bank has been testing the viability of DvP settlements in car sales transactions, which involves the simultaneous transfer of...
Brazil explores CBDC offline functionality ahead of mainstream launch
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18 March, 2024

Brazil explores CBDC offline functionality ahead of mainstream launch

Brazil's central bank follows other countries in exploring an offline payment solution for its CBDC as part of its effort...
BRICS eye stifling US dollar influence with blockchain-based payment system
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9 March, 2024

BRICS eye stifling US dollar influence with blockchain-based payment system

Russia is reportedly banking on the planned blockchain-based payment system to reduce the U.S. dollar's global influence, seeking help from...
Brazil targets $4B in taxes from digital assets stored overseas
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19 December, 2023

Brazil targets $4B in taxes from digital assets stored overseas

A new bill signed into law by President Luiz Inácio Lula da Silva will require income from assets held by...
Brazilian central banker talks about new payment system, CBDCs, digital payments
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27 October, 2023

Brazilian central banker talks about new payment system, CBDCs, digital payments

The Brazil central bank boss sees CBDC's potential, arguing that if every country has a digital currency that it could...
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