Brazil’s closer to its own digital currency


This week. Five-year-old Brazilian is the youngest person in the world to discover an asteroid. Brazil is world’s fifth-biggest consumer of online piracy. Central Bank’s latest step towards a digital currency. 

Central Bank takes next step towards ‘digital Real’

Brazil is moving closer to having its own central bank-issued digital currency (CBDC). Friday is the last day for signups to the LIFT Challenge Real Digital, an innovation lab seeking to source practical and feasible projects to implement a virtual version of Brazil’s currency.

Why it matters. Among other mechanisms, central banks seek national sovereignty through their monopoly over issuing…

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