Brazilian congressman: Physical cash faces the risk of disappearing, and the future of digital currency should be decided by a public vote

2024-12-28 18:05:23

Collection

ChainCatcher news, Brazilian congresswoman Julia Zanatta issued a warning on social media, stating that as the country advances in implementing the Central Bank Digital Currency (CBDC) "drex," physical cash may face the risk of disappearing.

She opposes a bill that aims to gradually eliminate cash by 2025, arguing that the use of drex should remain voluntary to protect economic freedom. Zanatta highlighted several risks: social control, loss of privacy, and potential financial issues for those unfamiliar with technology.

Zanatta also called for increased public awareness and suggested a referendum to decide the future of drex, emphasizing that such a significant change should involve citizen participation in decision-making. Currently, due to privacy concerns, the drex pilot project is facing delays.

(Source Link)

Related tags

Brazil CBDC

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.