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Brazil’s Drex CBDC Ditches Blockchain—Launching in 2025 with a Centralized Twist
Brazil’s Drex CBDC Ditches Blockchain—Launching in 2025 with a Centralized Twist
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Brazil’s central bank just flipped the script—its digital currency, Drex, is dropping blockchain entirely. Scheduled for a 2025 rollout, the move raises eyebrows as the country pivots to a centralized ledger system.
Why the sudden shift? No official explanation yet, but insiders whisper about scalability and control. The irony? A 'decentralized' digital currency built on old-school centralization. Classic finance move—innovate, but not too much.
What’s next? Drex could streamline payments, but skeptics wonder if it’s just a digital veneer on Brazil’s existing monetary policy. After all, why bother with crypto’s ethos when you can have a gov-controlled database with extra steps?
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