Brazilian Central Bank, fintech leaders, and development bank officials discuss CBDC, tokenization, and blockchain adoption in Brazil. Focus on cooperation between public and private sectors, financial inclusion through PIX, and lessons learned from blockchain pilots.
A panel discussion from Rio featuring Fabio from Brazil's Central Bank, Carol Conway from the Brazilian Association of Internet, and Vanessa from the Brazilian Development Bank explores responsible innovation in blockchain and digital assets. Key topics include DREX (Brazil's CBDC initiative) pivoting away from blockchain for the pilot phase due to privacy and scalability concerns, while continuing tokenization research through labs and partnerships with other central banks. PIX's success in bringing 71 million people into digital payments is highlighted as a foundation for deeper financial inclusion. The Brazilian Development Bank shares its blockchain infrastructure project for government transparency and public interest use cases. Panelists emphasize cooperation between public and private sectors, principle-based regulation, experimentation over paperwork, and interoperability as critical for responsible innovation.