See original
Binance News
--
Brazilian lawmaker warns CBDC ‘drex’ could lead to disappearance of cash
According to TechFlow, on December 28, Brazilian Congressman Julia Zanata warned that physical cash may disappear as the country's central bank digital currency "drex" advances.
Zanatta opposes bills that would phase out cash by 2025, arguing that drex use should remain voluntary to protect economic freedom. She highlights social controls, loss of privacy and financial risks for those who are not technologically savvy.
Zanata called for greater public awareness and suggested a referendum to decide the future of Drex, emphasizing that citizens should participate in decision-making. Currently, the Drex pilot is facing delays due to privacy issues.
Zanatta opposes bills that would phase out cash by 2025, arguing that drex use should remain voluntary to protect economic freedom. She highlights social controls, loss of privacy and financial risks for those who are not technologically savvy.
Zanata called for greater public awareness and suggested a referendum to decide the future of Drex, emphasizing that citizens should participate in decision-making. Currently, the Drex pilot is facing delays due to privacy issues.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0