Brazil’s Central Bank Reportedly Has Plans To Pilot A CBDC Next Year
According to the monetary authority of Brazil, it has plans to launch a final version of its central bank digital currency by 2024. The pilot phase expected to start in 2022.
The Central Bank of Brazil (BCB) is planning to launch a pilot of a digital currency (CBDC) by 2022, according to a statement by BCB President Roberto Campos Neto.
In September, the central bank told Brazilian Senate that it planned to launch the final version of a digital real in 2024, according to estimates made by Fabio Araujo, an economic advisor to the BCB, who added that the monetary authority would conduct initial tests in 2022.
Brazil’s central bank has also been discussing a bill to regulate digital assets as an investment vehicle, Campos Neto also said on Friday, without disclosing further details.
Campos Neto said:
“[Crypto] is already starting to affect even the national accounts, which means it has become a relevant investment instrument.”
