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Central bank of Brazil forms a team for studying crypto

Invezz Tuesday, 25 August 2020
Central bank of Brazil forms a team for studying cryptoThe cryptocurrency craze that has taken over central banks around the world has started taking a firm grasp in South American countries. According to recent information, the central bank of Brazil has now also developed a strong interest in digital currencies. So much so, that the bank revealed the existence of a newly formed group dedicated to studying the crypto industry. Brazil might get its own CBDC According to the bank’s statement, online payments have been growing sharply in Brazil over the course of the last several years. With more people developing interest in online payment solutions, a new need
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