The Central Bank of Brazil (BCB) is flooring the accelerator on Drex, its CBDC, targeting a launch in 2026. What started as a potentially revolutionary, blockchain-heavy project is now morphing into something far more centralized. A smart, positive evolution, or a depressing pragmatic move to avoid the difficult financial realities?...
So, Brazil's CBDC, Drex. Remember all the hype? The promise of a decentralized future, powered by the very blockchain technology that's supposed to liberate us from the clutches of traditional finance? Yeah, about that... Poof. Gone. Vanished. Reduced to a meme.Privacy Killed Decentralization Star?The Central Bank of Brazil (BCB) is...
Brazil is a country that’s recently been turning heads in the digital finance arena, largely thanks to its Central Bank Digital Currency (CBDC) project, Drex. At first, there was a heavy focus on including blockchain technology. Recent news indicates that this strategy may be intentionally rolled back. Today’s article will...
Brazil's central bank, Banco Central do Brasil (BCB), is modifying its approach to the Drex project, the country's central bank digital currency (CBDC). Once a blockchain-heavy project, Drex has shifted focus to more heavily rely on traditional financial infrastructure with the first launch. Despite the risks involved, the BCB is...
