EddieJayonCrypto

 7 Mar 25

tl;dr

Brazil's central bank digital currency (CBDC) pilot has faced setbacks due to data privacy concerns, delaying the second phase. The Banco Central do Brasil explored privacy solutions, with zero-knowledge proofs showing promise but also limiting access to transactions and monetary controls. Despite t...

Brazil’s DREX CBDC Pilot Derailed by Data Privacy Concerns
The Banco Central do Brasil's central bank digital currency (CBDC) pilot has faced setbacks due to data privacy concerns, delaying the second phase. The bank explored multiple privacy solutions, with zero-knowledge proofs showing promise but also limiting access to transactions and monetary controls. Despite the challenges, the bank is proceeding with the expanded scope of the CBDC.

Pakistan to Launch a "National Crypto Council"
Pakistan plans to establish a "National Crypto Council" to promote digital asset adoption, signaling a shift from previous government hostility toward digital assets. The council will comprise key government officials, regulators, and industry experts, working on new policies and collaborating with other nations to set regional standards.

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