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…