Brazilian central bank publishes CBDC guidelines
Model under consideration would be intermediated by national financial system
The Central Bank of Brazil has published general guidelines regarding the development of a central bank digital currency (CBDC) in the country.
On May 24, the central bank published a preliminary assessment that a CBDC would work as an extension of the physical real. Its distribution to the public would be carried out through “custodians” in the financial and payments system.
This would initially rule out the possibility that Brazilians would be able to access an electronic real through
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