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Brazil’s CBDC Pilot Reportedly Delayed to 2025 Due to Lack of Privacy Safeguards: Details
Brazil has reportedly postponed the pilot of its Drex CDBC to 2025 as the central bank feels, blockchain privacy solutions are insufficient. The regulator is looking to prevent financial inconvenience to Brazilian nationals. The CBDC is expected to finetune the country’s financial compliance, banking, and tax secrecy regulations.
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Coordination Among Central Banks Not Critical to CBDC Rollout: Bank of Canada Director
Canadian central bank director of fintech research, Dinesh Shah, says that consensus with other central banks would not be a priority if a CBDC were to be issued. Meanwhile, Brazil is set to begin the pilot phase of its CBDC roll-out in the second half of 2022.
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Rio De Janeiro to Become First City in Brazil to Accept Property Tax in Crypto
The Brazilian city of Rio De Janeiro is making huge strides towards becoming a hub for the cryptocurrency industry in the country. Come 2023, residents of Rio will be permitted to settle real estate tax payments using Bitcoin.
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Brazil’s CBDC Pilot Reportedly Delayed to 2025 Due to Lack of Privacy Safeguards: Details
Brazil has reportedly postponed the pilot of its Drex CDBC to 2025 as the central bank feels, blockchain privacy solutions are insufficient. The regulator is looking to prevent financial inconvenience to Brazilian nationals. The CBDC is expected to finetune the country’s financial compliance, banking, and tax secrecy regulations.
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Coordination Among Central Banks Not Critical to CBDC Rollout: Bank of Canada Director
Canadian central bank director of fintech research, Dinesh Shah, says that consensus with other central banks would not be a priority if a CBDC were to be issued. Meanwhile, Brazil is set to begin the pilot phase of its CBDC roll-out in the second half of 2022.
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Rio De Janeiro to Become First City in Brazil to Accept Property Tax in Crypto
The Brazilian city of Rio De Janeiro is making huge strides towards becoming a hub for the cryptocurrency industry in the country. Come 2023, residents of Rio will be permitted to settle real estate tax payments using Bitcoin.
