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Central Bank sets rules for Real Digital pilot project

  • April 28, 2023
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ABOUT central bank (BC) announced last Thursday (27), rules and procedures of the Real Digital pilot project (Piloto RD), an initiative to test the creation of a digital

Central Bank sets rules for Real Digital pilot project

ABOUT central bank (BC) announced last Thursday (27), rules and procedures of the Real Digital pilot project (Piloto RD), an initiative to test the creation of a digital currency in Brazil. The goal is to assess the feasibility of using the technology to issue, redeem and transfer financial assets.

01/11/2023 at 08:30
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According to the BC, the pilot project will be limited to ten institutions authorized by the BC to operate, selected in accordance with the criteria and procedures provided for in the regulation. Proposals from organizations interested in participating in the RD pilot project will be received by the Management Executive Committee (CEG) between May 2 and 12.

In order to participate in the pilot project, institutions must be able to test financial transactions in accordance with their business model and simulate financial flows resulting from trading events applicable to the tested financial asset.


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Each selected competitor must appoint a technical representative to manage the team and make necessary arrangements with other competitors and the BC.

During the Piloto RD, a forum will be created to share information and set expectations for the development of the platform and the proposed tests.

Goals of Real Digital

The Central Bank notes that a channel of communication between British Columbia’s technical staff and organizations representing the sectors involved will allow discussion of business and development strategies that are more in line with the needs of the Brazilian society.


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This initiative is part of British Columbia’s efforts to modernize Brazil’s financial system and maintain international digital currency trends. BK states that the creation of a digital currency can bring benefits such as lower transaction costs and financial inclusion for segments of the population that still do not have access to traditional banking services.

However, BC points out that the Real Digital pilot does not represent the introduction of a digital currency in the country and that if it is deemed viable, the initiative still needs to be approved by the National Monetary Board (CMN) and regulated by British Columbia prior to its official launch.

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