Banco Central do Brasil marks studies on digital Real

The Central Bank of Brazil disclosed a round of studies involving the digital Real, which will take place in public events in the coming months, with presentation on the YouTube channel of the autarchy.

according to or BCBthe event route must present the national currency tokenization concepts, by November 2023.

The forecast of the central bank suggests that the new Brazilian currency, using blockchain technology, will end by the end of 2024.

One of two issues involved in technology involves the creation of tokens by banks, which should be the institutions that have direct access to currency in CBDC format. The population will have to access the currency indirectly, through their bank accounts.

Series of studies on the Digital Real must present the new national currency to the public

Considering the actions in progress for the development of the Real Digital infrastructure, the Central Bank (BC) created the Interdepartmental Work Group (GTI) to endorse the “tokenization” of financial assets.

The GTI is carrying out various activities, such as comparing the Brazilian experience with the international scenario, analyzing the results of the Sandbox and LIFT programs of BC, mapping the activities involved in writing, registration, deposit, custody, negotiation and liquidation of assets, studying the impact of the DLT/Blockchain technologies in the financial market, to identify efficiency gains in the National Financial System (SFN) and to evaluate the cyber security of the “tokenization” solutions.

Além disso, the GTI formed nine thematic subgroups, including one to deal with sustainable finance. The subgroup responsible for opening the debate forum on the digital economy will coordinate the webinars.

In an event dated in the last sixth fair (2), the president of the Central Bank, Roberto Campos Neto, indicated that he “Real digital tivesse emerged before, would have avoided problems with cryptocurrencies“.

Ou seja, the novelty that uses cryptocurrency technology as a base should be checked to allow the regulator a better control of the operations of the two Brazilians, which should be concentrated in a digital portfolio of banks, with also access to the PIX, Open Finance, among other products .

First event featured the participation of banks and companies interested in technology

These webinars, the topic will be discussed with market participants, academia, regulators and international organizations.

O primeiro deles aconteceu na última quinta-feira (1). Professionals from Bradesco, from Credix and from Hamsa Pay debate the topic.

It was moderated by representatives of the BC and the National Federation of Server Associations of the Central Bank (Fenasbac), part of the project.


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