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Brazilian Drex CBDC Drops Blockchain to Launch Next Year
9.8.2025
According to local media reports, the Brazilian central bank had to abandon the decentralized element of the CBDC to deliver a solution in 2026, in part due to the immaturity of the privacy solutions presented. Brazilian CBDC to Ditch Blockchain in Effort to Launch in 2026 The Central Bank...
Brazilian Drex Hits Privacy Roadblock as Support From External Partners Wanes
11.4.2025
Local media reports that several companies, including Microsoft and EY, have reduced the number of employees working on drex-related solutions. This reduction is due to the central bank’s lack of support for these initiatives during the second phase of the CBDC pilot. Brazilian CBDC Pilot...
Brazilian Congresswoman Sounds Alarm on Drex CBDC Risks, Rejects Cash Elimination Bill
28.12.2024
Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final...