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Brazilian MPs warn of Drex CBDC risks, reject cash bill repeal
Editor
2024-12-29 14:03 9,189
Golden Finance reported that Brazilian Congressman Julia Zanatta expressed concerns about the impact of the implementation of digital currency (drex) on citizens’ lives. Julia Zanatta highlighted the possible end of physical currencies as countries move forward with implementing drex, a national central bank digital currency. In a recent interview, Julia Zanatta explained that the use of drex should be voluntary rather than mandatory because it could become a tool to exert control over Brazilians, and she has plans to put in place multiple backup measures to prevent this occur, helping Brazilians maintain their current economic freedom. Julia Zanatta recently introduced a bill to counter the bill that has been introduced to ban the use of cash in Brazil, proposing to rely solely on electronic transactions and drex. The bill, proposed in 2020, would phase out money printing starting in 2025.
Keywords: Bitcoin
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