@henry648

According to local media reports, the Brazilian central bank had to abandon the decentralized element of the CBDC to deliver a solution in 2026, in part due to the immaturity of the privacy solutions presented. Brazilian CBDC to Ditch Blockchain in Effort to Launch in 2026 The Central Bank of Brazil aims to accelerate the development of a central bank digital currency to deliver a working solution as soon as possible. According to local media reports, drex, the Brazilian Central Bank Digital Currency (CBDC), will abandon most of its tokenization and blockchain elements, targeting a launch date in 2026. Fabio Araujo, coordinator of the drex project at the central bank, confirmed this change, stating that the new proposal will be delivered in two phases: the first phase will not include a decentralized aspect, with an expected launch next year, and the second phase will continue to implement and mature blockchain technologies.

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