By Lisa Pauline Mattackal (Reuters) - Insufficient government spending cuts, rising global interest rates and tighter liquidity place Brazil in a risk.
(Reuters) -Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil's central bank digital currency (CBDC) is ready for widespread use, the central bank's coordinator of the project said on Tuesday. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024, though postponed from an initial planned launch in February. "We are using distributed ledger technology that's based on Ethereum Virtua
Privacy, market maturity hurdles facing Brazil's CBDC rollout -cenbank official streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
(Reuters) -Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil's central bank digital currency (CBDC) is ready for widespread use, the central bank's coordinator of the project said on Tuesday. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024, though postponed from an initial planned launch in February. "We are using distributed ledger technology that's based on Ethereum Virtual Machine, this technology tends to be very open with all the information of the participants," said Fabio Araujo, coordinator of the digital real initiative at Banco Central do Brasil (BCB), referring to software that executes smart contracts on a blockchain ledger.
Private-credit firms are eyeing fresh opportunities from a potential borrowing squeeze in the United States as battered regional banks tighten lending after the turmoil in the sector, according to. | May 10, 2023