The 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
Full ArticleCentral bank of Brazil forms a team for studying crypto
Invezz
0 shares
1 views
You might like
Related news coverage
Five Key Questions About Cuba In Current US Election Campaign – Analysis
By Arturo López-Levy*
Throughout the Democratic Party primary for the 2020 elections, for the first time all the..
Eurasia Review
Brazil’s Central Bank Tasks Group With Laying Out Road Map to Digital Currency Issuance
The 12-member team will submit their findings – and propose a CBDC issuance model – to the central bank in 180 days.
Coindesk