Odaily Planet Daily News Brazil is incorporating decentralized finance (DeFi) into its ongoing experiments to develop a "synthetic" central bank digital currency (CBDC) Drex, which was previously known as the digital Brazilian real. Roberto Campos Neto, president of the Central Bank of Brazil, has previously emphasized the country's need for a multi-dimensional CBDC that aims to solve the "trilemma" of decentralization, privacy, and programmability - traditional markets face challenges in solving these problems at the same time. (Cointelegraph)