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Mercado Bitcoin to Participate in Brazil's CBDC Pilot Project

June 25 (Cointime) - Mercado Bitcoin, the leading cryptocurrency exchange in Brazil, has been granted permission by the Banco Central do Brasil to participate in the creation of the country's Central Bank Digital Currency (CBDC). The CBDC is set to be launched in 2024 and aims to revolutionize the financial landscape of Brazil.

Other contributors to the project include Mastercard, Sinqia, and Genial, among others. The Central Bank of Brazil has also been assigned the role of the nation's cryptocurrency overseer, with local firms required to obtain authorization from the financial institution before offering crypto services.

Brazil CBDC
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