Brazil considers adding Bitcoin to foreign reserves, proposing a 5% allocation to enhance financial stability and support digital currency DREX.

Unlike cryptocurrencies, the digital real (or Drex) is guaranteed by the BCB Brazil's Central Bank (BCB) Monday announced a new digital currency for South America''s largest country, which will be ...

He also argued that Brazil's Drex is not fundamentally a central bank digital currency but rather an infrastructure aimed at improving credit with collateralized assets, in a context where local ...