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BTCC / BTCC Square / Global Cryptocurrency /
Brazil Scraps Blockchain for CBDC to Meet 2026 Launch Target

Brazil Scraps Blockchain for CBDC to Meet 2026 Launch Target

Author:
Global Cryptocurrency
Published:
2025-08-09 15:05:01
10
2
BTCCSquare news:

Brazil's central bank has abandoned blockchain technology for its Drex digital currency project, opting instead for a conventional centralized system. The decision, driven by tight deadlines and unresolved privacy concerns, marks a strategic retreat from initial decentralization ambitions.

Officials cited immature privacy solutions as the primary obstacle to implementing a distributed ledger. The pivot highlights the tension between innovation and pragmatism in global CBDC development, with Brazil prioritizing speed over technological purity.

|Square

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