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Central Bank of Brazil selects partners to assist with CBDC

2022/03/04 01:02

According to CoinDesk, the Central Bank of Brazil has chosen nine partners to help develop a digital real, Brazil's central bank digital currency (CBDC). Among the partners are Santander Brasil, Itaú Unibanco and Aave, a decentralized finance (DeFi) platform. The initiative received 47 project proposals from Brazil, Germany, the U.S., Israel, Mexico, Portugal, the U.K. and Sweden, the central bank said in a statement on Thursday, noting that it is seeking to evaluate use cases for a CBDC and assess its technological feasibility. An implementation phase for the selected projects will begin on March 28 and last until July 27, the central bank noted.
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