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Cryptopolitan 2023-08-08 16:08:10

Brazil’s central bank announces the official name of its digital currency

Brazil’s central bank has officially named its new central bank digital currency (CBDC) “DREX,” short for “digital real.” The announcement came during a live broadcast on the Central Bank of Brazil’s YouTube channel. The name is a fusion of “digital,” “real,” “electronic,” and “transaction,” signifying the innovative elements of the currency. DREX’s launch builds on ... Read more

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