The Central Bank of Brazil is accelerating the launch of its digital currency, Drex, by ditching blockchain technology to enhance efficiency and scalability. This daring move marks a groundbreaking shift in the nation’s CBDC strategy
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Brazil is poised to reshape its competition landscape with the 2024 proposal from the Ministry of Finance, aimed at establishing digital ex ante regulation. This initiative seeks to enhance market fairness and foster innovation in the rapidly evolving digital economy.