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Brazil’s central bank president says CBDC will be ready by 2022

Brazil Central Bank President, Roberto de Oliveira Campos Neto, announced that plans to have a digital currency by 2022. In an interview with Bloomberg Markets’ Editor, Erik Schatzker, Neto said that Brazil’s central bank digital currency or CBDC will modernize the country’s banking system. According to Neto, Brazil’s central bank leadership in 2019 led to much innovation and the creation of the BC Agenda; this came at the same time Neto became the central bank’s president. The BC or Banco Central policies were initiated to modernize the Brazilian financial system and to promote an instant payment system, which according to…

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