Brazil’s Central Bank plots next moves in adoption of CBDCs, digital payments | Headlines | News | CoinMarketCap
10/23/2023 23:01
Brazil's central bank President Roberto Campos Neto sees one problem that is yet to be solved in the distributed ledger technology space as …
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Published on October 23, 2023 15:58 GMT+00:00edited on October 23, 2023 16:01 GMT+00:00
Brazil's central bank President Roberto Campos Neto sees one problem that is yet to be solved in the distributed ledger technology space as governments around the world experiment with the implementation of central bank digital currencies — bridging the delicate balance between open networks and privacy.
"When you look at the CBDCs out there, they're not actually full DLTs. They are hybrid, which means that you have the DLT part inside the central bank, but then you have centralized for outside," he said Friday at a panel discussion at the 2023 Council of the Americas Symposium and BRAVO Business Awards in Miami, where he was honored for his work in developing the country's digital payments platform known as PIX.
"DLT platforms were made by people that want an openness, so …