CBDC pilots, exchange growth, regulation, and enterprise adoption in Brazil’s crypto economy.
Examining potential risks and rewards in Brazil's blockchain move with 'DREX'.
Liam 'Akiba' Wright 2 min read 
Brazil's CBDC pilot includes functions to freeze and unfreeze wallets, as well as functions to move, mint, and burn funds.
Former prosecutor-turned-lawmaker Alfredo Gaspar has called upon the legislature to summon the company's Brazilian general manager to appear in order to "provide clarifications."
Customer service agents allegedly told users how to circumvent restrictions.
The six-consecutive-week outflows totaled $408 million, as this week's inflows mark the largest positive movement since July 2022.
Bitget aims to participate in Brazil's and Argentina's CBDC projects, while enhancing its reach to government-level projects in the region
Banco do Brasil has partnered with Bitfy so users can pay taxes with cryptocurrencies as easily as paying for a ticket by scanning a barcode.
Argentina and Brazil are preparing a joint venture to establish a shared common currency to remove reliance on US Dollar.
G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.
