Chainlink, Microsoft, Others Partner for Brazil’s CBDC Pilot
Brazil’s central bank, Banco Central do Brasil (BCB), has initiated phase two of its Drex central bank digital currency (CBDC) pilot, leveraging Chainlink’s CCIP and Microsoft’s cloud infrastructure. Phase two aims to develop a trade finance solution that employs blockchain technology and oracles. Microsoft, Chainlink, Banco Inter, and 7Comm collaborate on the initiative to investigate […]
World ID Begins Verification in Brazil
World ID Orb verifications are now available in Brazil, according to World, formerly known as Worldcoin. World ID verification will now be available in the Latin American nation, following the first pop-ups in 2023 as part of the project’s global tour and preview, according to an announcement made on Nov. 12. With the reintroduction, World […]
Brazil’s Crypto Imports Rose 40% in September
Brazil’s crypto activity continues to grow, with digital asset imports reaching $1.4 billion in September. Brazil’s digital asset imports reached $1.4 billion in September, marking a 40% increase from the approximately $1 billion recorded in September 2023, according to data released by the Central Bank of Brazil and local media on Oct. 29. Despite the […]
HKMA Project Ensemble Teams Up with Brazil, Thailand
The HKMA is advancing tokenization through Project Ensemble with Brazil’s Drex pilot and Thailand’s Project San. In order to demonstrate its commitment to tokenization, the Hong Kong Monetary Authority (HKMA) has been actively networking its Project Ensemble, which has resulted in the formation of new partnerships. In addition to the Drex pilot project of the […]
Central Bank of Brazil Invites Applications for CBDC Pilot
Drex can submit proposal applications to the Central Bank of Brazil between October 14 and November 29. The Central Bank of Brazil has declared that it has already approved 13 cases with intricate requests for tokenized real estate, encompassing government-backed loans, agriculture assets, assets in public networks, vehicle negotiations, carbon credits, debentures, and real estate. […]