Privacy, market maturity hurdles facing Brazil's CBDC rollout -cenbank official
(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 t...
Source: yahoo.com
