Brazilian governor outlines digital wallet and CBDC plans
The governor of the Central Bank of Brazil (BCB) has given details of how the country’s proposed digital currency would interact with plans for a new digital wallet.
Speaking at an event on December 13, Roberto Campos Neto said the central bank digital currency (CBDC) would interact with a new digital wallet.
He said the BCB planned to convert regulated deposits into a form of stablecoin, which could be exchanged for CBDC “on demand”. This would ease regulation, since deposits are already
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