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Digital Real to be bridge between Brazil’s Central Bank and DeFi

RIO DE JANEIRO, BRAZIL - Fábio Araújo, economist and in charge of the Digital Real project within the Central Bank of Brazil (BC), has revealed some details on the prospects the bank is currently considering for implementing a digital version of the Brazilian Real.

According to Araújo, this very complex subject is still being explored by the Central Bank, and therefore the institution has been promoting a number of debates with the population and financial market players about how a CBDC (Central Bank Digital Currency) should be implemented in Brazil, which has a digital payment system, known as . . .

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