Brazilian Central Bank Outlines Digital Currency Risks
The Central Bank of Brazil has issued a warning outlining the risks associated with digital currencies.
Brazil’s major financial regulators have unified their intelligence troves under a blockchain-backed sharing system called PIER.
Brazil's central bank is now moving to increase the quantity of its blockchain work – months after abandoning the effort.
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.
Brazil's central bank is seeking to investigate possible use cases for blockchain tech and is now moving toward prototyping.
Brazilian Congressman Manoel Junior has proposed a public hearing to discuss the potential regulation of bitcoin and the blockchain.