Brazilian lawmakers warn of Drex CBDC risks and refuse to repeal the cash bill
According to online reports, Brazilian congressman Julia Zanatta expressed concern about the impact of implementing digital currency (drex) on citizens 'lives. Julia Zanatta emphasized that real money may end when the country promotes the implementation of drex (National Central Bank Digital Currency). In a recent interview, Julia Zanatta explained that the use of drex should be voluntary rather than mandatory because it could be a tool for exercising control over Brazilians, and she has planned to establish multiple backup measures to prevent this from happening and help Brazilians maintain their current economic freedom. Julia Zanatta recently introduced a bill to counter the bill that has been introduced to ban the use of cash in Brazil, proposing to rely solely on electronic transactions and drex. The bill was introduced in 2020 and will phase out money printing starting in 2025.
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