The Digital Real and cryptocurrencies
Posted: Thu Feb 20, 2025 6:13 am
The launch of Real Digital is scheduled for 2023, but the guidelines may still be changed, considering that the topic continues to be debated by Bacen, which intends to listen to the actors involved and society in general.
As the topic gained relevance, many questions arose regarding virtual currency. The main one points to the Digital Real as a Brazilian cryptocurrency. In this sense, it is important to emphasize that, although CBDCs and cryptocurrencies operate in the digital universe, there are differences between the two modalities.
While digital currency is issued by a central bank and regulated by the monetary authority, which is responsible for centralizing the functioning of the financial system, cryptocurrencies or cybercurrencies are issued bahamas mobile database and distributed in a decentralized manner, meaning there is no entity responsible for regulation. This process is handled by the users themselves, in a system that enables transactions in the online environment using technology known as blockchain .
Furthermore, another important difference between the two concepts is that cryptocurrencies are understood as financial assets, while digital currencies function like traditional money. Everyday transactions can be carried out using Digital Real, while cybercurrencies cannot be used as day-to-day payments. Another example is that cryptocurrencies, such as Bitcoin, can be understood as investments, while virtual currencies do not offer profitability; it is like keeping a banknote in your wallet, where its value will not change.
Cryptocurrencies have also been debated in the National Congress, especially in the last two years, when Bills were presented. The bills, however, are still being processed and precisely because they deal with financial assets, the Central Bank understands that they represent risks, since there is no regulation for their use.
The creation of digital currencies is already a reality around the world. According to data from the Bank for International Settlements (BIS) , 86% of central banks are investing in studies on the subject and in technology for the creation of CBDCs, as is the case in Sweden and the United States. In 2020, the Bahamas became the first country to launch its own currency, the sand dollar, and this year, China announced the young digital.
As the topic gained relevance, many questions arose regarding virtual currency. The main one points to the Digital Real as a Brazilian cryptocurrency. In this sense, it is important to emphasize that, although CBDCs and cryptocurrencies operate in the digital universe, there are differences between the two modalities.
While digital currency is issued by a central bank and regulated by the monetary authority, which is responsible for centralizing the functioning of the financial system, cryptocurrencies or cybercurrencies are issued bahamas mobile database and distributed in a decentralized manner, meaning there is no entity responsible for regulation. This process is handled by the users themselves, in a system that enables transactions in the online environment using technology known as blockchain .
Furthermore, another important difference between the two concepts is that cryptocurrencies are understood as financial assets, while digital currencies function like traditional money. Everyday transactions can be carried out using Digital Real, while cybercurrencies cannot be used as day-to-day payments. Another example is that cryptocurrencies, such as Bitcoin, can be understood as investments, while virtual currencies do not offer profitability; it is like keeping a banknote in your wallet, where its value will not change.
Cryptocurrencies have also been debated in the National Congress, especially in the last two years, when Bills were presented. The bills, however, are still being processed and precisely because they deal with financial assets, the Central Bank understands that they represent risks, since there is no regulation for their use.
The creation of digital currencies is already a reality around the world. According to data from the Bank for International Settlements (BIS) , 86% of central banks are investing in studies on the subject and in technology for the creation of CBDCs, as is the case in Sweden and the United States. In 2020, the Bahamas became the first country to launch its own currency, the sand dollar, and this year, China announced the young digital.