Brazil Tests DeFi Elements in Drex CBDC Pilot
Brazil is looking for ways to ensure that its central bank-issued digital currency Drex is unique.
Brazil Central Bank Plans Multi-Phased Crypto Regulations by Year’s End
By
Bena Ilyas
The Banco Central do Brasil (BCB) acknowledges the complexity of regulating the diverse crypto sector.
Brazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX
The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits.