Brazil

It’s ‘DREX,’ not digital real: Brazil unveils the name of its CBDC
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11 August, 2023

It’s ‘DREX,’ not digital real: Brazil unveils the name of its CBDC

DREX is an acronym for digital real electronic transactions, with its logo depicting two arrows that signify the evolution of...
Brazil’s new law appoints central bank, securities watchdog as digital asset regulators
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19 June, 2023

Brazil’s new law appoints central bank, securities watchdog as digital asset regulators

The CVM and Brazil's central bank will regulate tokens considered to be securities and VASPs, respectively, as Brazil seeks to...
Brazil: Mercado Bitcoin secures payment provider license amid plans to diversify
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11 June, 2023

Brazil: Mercado Bitcoin secures payment provider license amid plans to diversify

Brazil opened a pathway to diversify its financial services after the central bank granted Mercado Bitcoin a payment provider license,...
Brazil central bank selects Visa, 13 other banks for new CBDC pilot
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2 June, 2023

Brazil central bank selects Visa, 13 other banks for new CBDC pilot

Each of the selected firms will assist Banco Central do Brazil in experiments testing the instant settlements of government bonds...
Brazil’s central bank allows firms to participate in digital real CBDC pilot
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11 May, 2023

Brazil’s central bank allows firms to participate in digital real CBDC pilot

Participating financial institutions will be selected based on their previous experiences with distributed ledger technology with a preference for the...
Visa unveils blockchain-backed CBDC project for Brazilian farmers
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6 May, 2023

Visa unveils blockchain-backed CBDC project for Brazilian farmers

Farmers appear to be the target market of Visa’s new CBDC project, noting that they contribute a large chunk of...
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