Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’

Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’

The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it. Recently, the Banco Central do Brasil (BCB) president hinted at the possibility of having news on the matter “soon.” No Decision Has Been Made on Whether the Digital Real Will Be Interest-Bearing During an online debate hosted by the Bank of Spain, cited by Reuters, Roberto Campos Neto highlighted that the central bank is “making progress” on the plans to digitalize the Brazilian real. He called central....

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