Bank of Brazil plans to test CBDC in 2022

According to Golden Financial, the president of the Central Bank of Brazil (BCB), Roberto Campos Netu, plans to launch digital currency services (CBDC) by 2022, local media Estadao reported. Campos Neto said the Brazilian central bank is still discussing legislation to regulate digital investments as an investment. As cryptocurrency began to affect the country's currency, it became more of an investment in automobiles, and the purchase of cryptocurrency affected the value of commodities in Brazil. According to BCB data, Brazilians will buy $ 4.27 billion worth of cryptocurrency by 2021. As of August, Brazilians had around $ 40 billion worth of cryptocurrency. (Parts office)