Brazil Weekly

Brazil latest country to launch digital currency plan

This week, Brazil’s go at a digital currency. What earnings reports tell us about the crisis. Plus, job figures begin to come back positive.

Brazil’s Central Bank wants to issue a digital currency

The Brazilian Central Bank continues its efforts to modernize and digitize the Brazilian economy. After approving regulations for instant payment system PIX and green-lighting open banking, the monetary authority now plans to issue its own Central bank digital currency (CBDC).

What CBDCs are. According to the Atlantic Council, “CBDCs are the liability of the central bank, which means the government must maintain reserves and deposits to...

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