Central Bank of Brazil aims to evaluate use cases and technological feasibility for digital real.
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The bank has selected nine partners to assist in the development of a CBDC. Partners include crypto exchange Mercado Bitcoin, Santander Brasil, Itaú Unibanco, and Aave (AAVE), a DeFi platform.
In its statement today, the bank stated that the initiative received 47 project proposals from Brazil, Germany, USA, Israel, Mexico, Portugal, England and Sweden.
In November, the central bank announced that it plans to launch a CBDC pilot program in 2022 and plans to launch its final version in 2024.
The Central Bank of Brazil stated that the implementation phase for the selected projects will start on 28 March and will continue until 27 July.
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