Latam Insights Encore: Brazil CBDC Ditches Blockchain, Latam Stocks Shine Bright
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In
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CBDC
Italy Banks Back Digital Euro CBDC, Seek Staggered Implementation Costs
The Italian Banking Association supports a digital-euro central bank digital currency (CBDC) while urging that investment costs be spread over
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Central Bank of Brazil Clarifies Drex CBDC Project’s Future: Digital Real Still the ‘Ultimate Goal’
The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project,
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Central Bank of Brazil Postpones CBDC Strategy, Shuts Down Current Pilot Platform
The Central Bank of Brazil announced it would discontinue the platform used to run drex, the Brazilian CBDC initiative, during
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Kyrgyzstan Launches Stablecoin, Establishes Crypto Reserve, Finalizes CBDC Deployment
Kyrgyzstan is fast emerging as a digital finance frontrunner, launching a stablecoin, prepping a CBDC rollout, and accelerating blockchain adoption
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Bolivia Evaluates Feasibility of Interbank CBDC Amid Growing Stablecoin Adoption
The Central Bank of Bolivia has taken preliminary steps to implement an interbank wholesale CBDC, saying it could benefit the
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Uganda to Pilot CBDC Backed by Treasury Bonds and Mobile Access
Global Settlement Network (GSN) has partnered with Diacente Group to launch a $5.5 billion tokenized economy in Uganda’s Karamoja region.
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Brazil’s Finance Minister Claims CBDC Will Bring ‘Transparency,’ Ease Financial Transactions
Fernando Haddad, Brazil’s finance minister, said the objective of Drex, the country’s CBDC, is to increase transparency of flows and
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Pierre Poilievre Reaffirms Stance Against Canadian CBDC
Canadian Conservative Party leader Pierre Poilievre once again slammed plans by the Bank of Canada to create a central bank
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Bank of England weighs scrapping Britcoin plans as industry solutions reduce need for CBDC
Key Takeaways The Bank of England is reconsidering the need for a digital pound as private sector payment innovations advance.
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