As per Bitcoin.com, the Central Bank of Brazil has clarified that the recent pause in using blockchain for drex, its central bank digital currency (CBDC) project, is temporary. The bank intends to continue using decentralized technology in the future, including issuing its own currency for tokenization-linked settlements. Phase 3 of the drex pilot project will begin next year with a focus on using tokenized assets as collateral for credit operations. The bank reaffirmed that the tokenization of assets on the platform, with the use of settlement currency offered by the central bank, remains the ultimate goal of the project.
Central Bank of Brazil Clarifies Drex CBDC Project's Future: Digital Real Still the 'Ultimate Goal'
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