Brazil’s DREX: Unveiling the Central Bank’s Digital Real CBDC

Brazil's DREX: Unveiling the Central Bank's Digital Real CBDC

The Central Bank of Brazil has unveiled the official name for its central bank digital currency (CBDC) in a recent announcement. The CBDC will be known as DREX, which stands for Digital Real Electronic Transaction, as revealed during a live broadcast on the bank’s YouTube channel. Fábio Araújo, the coordinator of the digital real, and […]

UK Crypto Think Tank Warns Government of CBDC Privacy, Security Risks

UK Crypto Think Tank Warns Government of CBDC Privacy, Security Risks

Source: Decrypt While there are a “number of potential benefits” associated with central bank digital currencies (CBDCs), the UK government “should carefully consider and seek to mitigate any potential risks” associated with the development and potential introduction of the so-called digital pound.” This is particularly relevant “in relation to financial stability, privacy, and security risks,” […]

CBDC Can Be ‘Bridging Asset’ Between Bitcoin, TradFi: Bank of England

CBDC Can Be 'Bridging Asset' Between Bitcoin, TradFi: Bank of England

Source: Decrypt Can CBDCs and Bitcoin ever coexist? The Bank of England’s CBDC lead Katie Fortune thinks so. Asked during a panel at the Citi Digital Money Symposium about how potential state-issued central bank digital currencies CBDCs would coexist with Bitcoin or asset-backed stablecoins, Fortune said that the BoE sees a mixed ecosystem of different forms […]