Central Bank of Brazil forms CBDC working group
Report by commercial bank warns that Brazil faces strong structural obstacles to CBDC
The Central Bank of Brazil has created a working group on creating a central bank-issued digital currency (CBDC), it announced on August 20.
The working group will also assess how the introduction of a CBDC could enhance the benefits offered by the instant payments platform Pix, which the central bank is launching in November.
“This new form of currency can bring about substantial changes to the national financial system,” the central bank says. “In this way, the study will compare the
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