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Visual representation of Brazil's CBDC Drex and its role in the transaction system.
Brazil

Brazil's CBDC Project Drex Aims to Transform National Transaction System

Fabio Araujo discusses Drex, Brazil's CBDC project, designed to replace the national transaction system. Transitioning will be gradual due to costs. Drex focuses on simplifying financial settlement...

BitcoinIllustration of Bitcoin's impact on wealth inequality and volatility.

ECB Report Critiques Bitcoin for Wealth Inequality and Volatility

A recent ECB report highlights Bitcoin's role in increasing wealth inequality and volatility, favoring early adopters while undermining financial stability. Critics argue it overlooks Bitcoin's pot...

2025Norwegian Central Bank exploring Central Bank Digital Currency (CBDC) developments.

Norwegian Central Bank Advances CBDC Research, Decision Expected by 2025

The Norwegian Central Bank is advancing its research on Central Bank Digital Currency (CBDC), with a pivotal decision anticipated by 2025. Deputy Governor Pal Longva emphasized that the focus is no...

BrazilDrex CBDC project logo and Brazil's financial landscape

Brazil's Drex: The Future of CBDC and National Transactions

Fabio Araujo, coordinator of Brazil's Drex CBDC project, envisions its potential to replace the national transaction system, moving all funds from STR. Understand the challenges and goals involved ...

CBDCShaktikanta Das discussing CBDC potential for cross-border payments.

India's Central Bank Governor Discusses CBDC Potential for Cross-Border Payments

Shaktikanta Das, RBI Governor, highlights how central bank digital currencies (CBDCs) can enhance cross-border payments. India's move to adopt both wholesale and retail CBDCs aims to improve transa...

CBDCBrazil Central Bank's Drex CBDC Pilot Program expansion visual representation.

Brazil Central Bank Expands Drex CBDC Pilot Program for Advanced Use Cases

The Central Bank of Brazil is expanding its Drex CBDC pilot program to include new participants and test advanced use cases. Discover the confirmed 13 use cases including carbon credits and foreign...