Focusing on DeFi and tokenization Banco Central will start testing Real Digital in 2022 and is already starting to receive proposals for the CBDC
Central Bank focuses on DeFi, Internet of Things and tokenization within the Real Digital platform, which will be launched, in the testing phase, as early as 2022 The Central Bank of Brazil took another step towards the launch, in the testing phase, of Real Digital dain in 2022 in the country as it announced that the LIFT Challenge Real Digital is already receiving project proposals that bring use cases to the digital version of the Real. Submission of proposals can be done exclusively through the website and continues until February 11th. It is "(...) clear the need to consider potentials and risks for the specific applications [of CBDCs] in each country. Thus, in order for us to move forward safely, it is necessary to promote tests", says Roberto Campos Neto, president of the Central Bank. Most Brazilians approve digital real, but 40% want crypto as the country's official currency According to the BC, the initiative to open up to the market the possibility of presentin...