Brazilian central banker describes how CBDC system can halt bank runs

Through Real Digital, the central bank says it wants to enable so-called smart payments within a regulated environment. Smart payments include smart contracts, transactions with Internet of Things devices and even decentralized finance applications.

In the paper, Araujo highlights that the central bank must maintain a partnership with the private sector in providing liquidity to the market. According to Araujo, the central bank envisions the coexistence between the Real Digital and private money issued by institutions regulated by the CBB in the intended smart payments.

However, unlike the cryptocurrency ecosystem in which users own their assets and no one can lock their operations, there will be a system to lock withdrawals in Brazil's CBDC.

When I think about future, things like that scare me, it's a kind of social control by the money. Some day we are discussing mechanism to control a running banks, but what's is the next? Spend limits? 'Don't forget, hell are full of good intentions' and just Bitcoin saves

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For those who don't know it yet! Does anyone know how this works? btc

TheLaunchpad TheDaoMaker have scammed millions dollars in his fraud Stablecoin farming pool , all retails investors money is gone , and TheDaoMaker keeps in silence and hiding everything , shame TheDaoMaker robbery

Its going to be a reality sooner than later

Bankers can do whatever they want. The main thing is that they stay away from my Bitcoin and Tether.

USDT is much better than banks!

Buy crypto from AltbaseApp No fear of crypto loss. Trade here guys. BSC BSCGems cryptocurrencies Altbase

CBDC’s are centrally controlled so they’ll just stop transactions, no?

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