The Banco Central do Brasil has formed a study group to evaluate the benefits and challenges of issuing a central bank digital currency (CBDC) in the country.
Banco do Brasil logo 400w
The 12-member intergovernmental group will assess how a CBDC could complement Brazil’s existing payments ecosystem and evaluate its potential economic and social impact.
It will also identify security and compliance issues and propose a model for the eventual issuance of a digital currency in Brazil.
Continue read: https://www.nfcw.com/2020/08/26/367636/brazil-sets-up-central-bank-digital-currency-group/