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The Brazilian government is rushing forward with Drex, the future digital currency of the Central Bank. Instead of adopting blockchain, a technology that could offer more transparency and autonomy, the project now aims to launch a simplified version in 2026, focused solely on facilitating credit operations with assets like stocks or bonds as collateral.
This move highlights that the State wants to expand its power over people's money. The original proposal promised tokenization and decentralized records, but the focus now is on increasing state control rather than empowering the citizen.
Meanwhile, the population continues to be penalized by extremely high taxes, which erode the purchasing power of the poorest.
The poor will continue to get poorer. The wealthiest will seek alternatives to leave the country. All of this happens while the government maintains a patronage system, supported by a state machinery that uses technology as an instrument of control and taxes as a weapon of oppression.
Instead of promoting freedom and financial inclusion, Drex could intensify state oversight over each citizen's financial life. The promise of modernization serves only to consolidate a control mechanism that continues to usurp what remains of the dignity and autonomy of the Brazilian people.
#financialcontrol #Drex #impostosabusivod #realdigital #tecnologiaopressora #pobremaispobre
This move highlights that the State wants to expand its power over people's money. The original proposal promised tokenization and decentralized records, but the focus now is on increasing state control rather than empowering the citizen.
Meanwhile, the population continues to be penalized by extremely high taxes, which erode the purchasing power of the poorest.
The poor will continue to get poorer. The wealthiest will seek alternatives to leave the country. All of this happens while the government maintains a patronage system, supported by a state machinery that uses technology as an instrument of control and taxes as a weapon of oppression.
Instead of promoting freedom and financial inclusion, Drex could intensify state oversight over each citizen's financial life. The promise of modernization serves only to consolidate a control mechanism that continues to usurp what remains of the dignity and autonomy of the Brazilian people.
#financialcontrol #Drex #impostosabusivod #realdigital #tecnologiaopressora #pobremaispobre
GemCore Labs:
Acho que pra Suécia eu iria. 😀
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So, what will happen when Brazil implements #drex #DREXbrasil #realdigital all the advantages and privacy that technology #blockchain offers in favor of government control. This is close to happening and testing is already underway. Or do you think that the instability of PIX in Brazil last month was a coincidence? The future of money is tied to government control. First it will be Brazil and soon your country will also have its own FI system. #DREX Fear...😕😅
Brazil's Digital Currency DREX Drex, or Real Digital, is the digital version of the Brazilian real,
Introducing Drex: Brazil's Digital Currency for a Modern Financial System
Drex, also known as Real Digital, is Brazil's digital counterpart to the national currency, the Brazilian real. Developed by the Central Bank of Brazil, Drex is set to launch in 2027 and will utilize Distributed Ledger Technology (DLT), offering enhanced security and transparency for digital transactions.
Key features of Drex include:
1. Fixed Value: Each Drex will maintain a value equal to the physical real, ensuring stability and ease of use.
2. Advanced Technology: Leveraging DLT, akin to blockchain, Drex will guarantee secure, transparent, and traceable transactions.
3. Versatility: Drex will be used for various financial activities, from online shopping to service payments and even real estate transactions via smart contracts.
4. Dual Currency System: Drex won’t replace the physical real but will work alongside it, providing a digital alternative for everyday transactions.
5. Conversion Process: Users will need an authorized financial institution, such as a bank, to convert between physical reais and Drex.
The primary goal of Drex is to modernize Brazil’s financial infrastructure, enabling faster, more secure, and accessible transactions. By offering digital alternatives like smart contracts and automated financing, Drex aims to democratize access to advanced financial services, making the system more inclusive for all.
$BTC $ETH $SOL
#Drex #RealDigital #DigitalCurrencyRevolution #Fina
#BrazilCryptoAdoption
Drex, also known as Real Digital, is Brazil's digital counterpart to the national currency, the Brazilian real. Developed by the Central Bank of Brazil, Drex is set to launch in 2027 and will utilize Distributed Ledger Technology (DLT), offering enhanced security and transparency for digital transactions.
Key features of Drex include:
1. Fixed Value: Each Drex will maintain a value equal to the physical real, ensuring stability and ease of use.
2. Advanced Technology: Leveraging DLT, akin to blockchain, Drex will guarantee secure, transparent, and traceable transactions.
3. Versatility: Drex will be used for various financial activities, from online shopping to service payments and even real estate transactions via smart contracts.
4. Dual Currency System: Drex won’t replace the physical real but will work alongside it, providing a digital alternative for everyday transactions.
5. Conversion Process: Users will need an authorized financial institution, such as a bank, to convert between physical reais and Drex.
The primary goal of Drex is to modernize Brazil’s financial infrastructure, enabling faster, more secure, and accessible transactions. By offering digital alternatives like smart contracts and automated financing, Drex aims to democratize access to advanced financial services, making the system more inclusive for all.
$BTC $ETH $SOL
#Drex #RealDigital #DigitalCurrencyRevolution #Fina
#BrazilCryptoAdoption
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