Brazil’s Central Bank Is Ramping Up Blockchain R&D
Brazil's central bank is now moving to increase the quantity of its blockchain work – months after abandoning the effort.
Central Bank of Brazil
Brazil's fast-digitizing financial infrastructure could set the stage for CBDC in the next two years, said Campos Neto.
Brazil’s Central Bank Tasks Group With Laying Out Road Map to Digital Currency Issuance
Aug 24, 2020
The 12-member team will submit their findings – and propose a CBDC issuance model – to the central bank in 180 days.
BCB said the timeframe for a CBDC depends on the evolution of its current projects and the international landscape.
Brazil's central bank spent 1.3 million Brazilian reals (USD $250K) over two years building its new database for financial regulators on Quorum, replacing a slow and expensive paper-based system with a fully digitized version.
Brazilian Financial Regulators Will Vet Companies and Political Appointees on a Blockchain
Apr 2, 2020
Brazil’s major financial regulators have unified their intelligence troves under a blockchain-backed sharing system called PIER.
Central Bank of Brazil
