Central Bank of Brazil Director Praises Bitcoin as a Financial Innovation, Ta...
Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies. To Araujo, Bitcoin was the catalyst for what is today known as Web3. At an event, Araujo also commented about the status of the development of the digital real, stating that his organization hopes to add smart functions to the currency. Central Bank of Brazil Praises Bitcoin as Pioneer of Web3 Tech More and more central banks around the world are dealing with the issue of cryptocurrencies and how to innovate to keep up with these....
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Mauricio Moura, a current director of the Central Bank of Brazil, stated that anonymity won’t be a choice when making cryptocurrency transactions in the country. The representative stated that, sooner or later, all users would have their transactions identified by the government. These comments came at an event promoted by the Institute of Professionals for the Prevention of Money Laundering and Terrorism Financing.
Central Bank of Brazil: ‘Anonymity Won’t Be an Option’
Mauricio Moura, director of citizenship relations and supervision of conduct for....
The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is indeed necessary, it has to be done in a way that doesn’t stop innovation. He also explained his goal is to connect the digital with the regulated world.
Central Bank of Brazil President Criticizes Harsh Approach to Crypto Regulation
Central banks of several nations around the world are starting to establish their stances when it comes to cryptocurrencies and central bank digital....
Bitcoin and its underlying technology has earned the trust and praise of some of the most notable figures in banking and finance. For instance, the director of Brazil’s central bank only has good things to say about the technical features of the crypto. According to Central Bank of Brazil chief Fabio Araujo, Bitcoin is a […]
Fabio Araujo, a representative of the Central Bank of Brazil, talked about the possible development of a Digital Real at a public hearing before the Committee on Science, Technology, Innovation, Communication and Information Technology of the Brazilian Senate. Araujo clarified that the Digital Real is still at the debate stage, and they are determining the demand for such an instrument.
Central Bank of Brazil Still Debating Digital Real
The Central Bank of Brazil is still studying the creation of a Digital Real, according to statements given by Fabio Araujo, a representative of....
The Central Bank of Brazil and Fenasbac, the National Federation of Associations of Central Bank Servers, decided to select nine projects to monitor and support their different proposals for the application of a hypothetical Brazilian central bank digital currency (CBDC), the digital real. Projects from companies and organizations like Aave, Banco Santander, and Mercado Bitcoin were selected to be developed as examples of how a digital real could be used.
LIFT Challenge Selects Nine Digital Real Projects
The LIFT challenge, an initiative organized by Fenasbac and the Central Bank....