A team working at the Central Bank of Brazil is studying the pros and cons of advertising for digital results.

According to CoinDesk on August 24, the Brazilian Central Bank (BCB) set up a CBDC research team on August 20 to study the pros and cons of centralized trading income (CBDC). A team of 12 people was tasked with investigating the security risks, the financial impact and the relationship of the CBDCs in Brazil with the existing payroll. The team will also assess the CBDCs and announce the reporting standards for Brazil. The final information was sent to the BCB agents after 180 days. Brazil's financial regulators have already started digitizing payments in South America's largest economy. Pix, a payment processor currently operated by Brazil's central bank, will launch in November.