[Brief] Brazil Securities Regulator Sets Up CBDC Task Force with 60-Day Deadline

Core Summary

Brazil’s Securities and Exchange Commission (CVM) announced on July 20 the formation of a dedicated CBDC task force with a tight 60-day deadline to submit a complete tokenization regulatory framework proposal. This move signals Brazil is accelerating the commercialization of its digital real (Drex) project.

Event Details

According to CoinDesk, the CVM chairman stated the task force will focus on integrating traditional securities tokenization into the existing regulatory framework while ensuring investor protection and financial stability. Brazil’s central bank has already tested multiple Drex features in pilot phases, including smart contracts and programmable money.

Editor: GoodInfo Global News Team