Alex Guimarães
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"Drex is not quite a central bank digital currency," says Galípolo
The president of the Central Bank of Brazil publicly spoke again about the controversial topic in the country.
Gabriel Galípolo participated in the opening of Febraban Tech 2025 (Photo: Antônio Cruz/Agência Brasil)
The president of the Central Bank of Brazil, Gabriel Galípolo, said this Tuesday (10) during his presentation at the opening panel of Febraban Tech 2025 that the Drex is not exactly a digital currency in the style of a CBDC (Central Bank Digital Currency).
According to him, the currency comes more as a mechanism for efficiency in credit and access to new financial products through blockchains. In other words, it should not have a function of disintermediation of currency issuance.
Gabriel Galípolo participated in the opening of Febraban Tech 2025 (Photo: Antônio Cruz/Agência Brasil)
The president of the Central Bank of Brazil, Gabriel Galípolo, said this Tuesday (10) during his presentation at the opening panel of Febraban Tech 2025 that the Drex is not exactly a digital currency in the style of a CBDC (Central Bank Digital Currency).
According to him, the currency comes more as a mechanism for efficiency in credit and access to new financial products through blockchains. In other words, it should not have a function of disintermediation of currency issuance.
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