Although Brazil only recently started studying digital currencies, its central bank's president contends the country could be ready to deploy one in just two years.
Brazilians may be opening a new chapter in their relationship with crypto and blockchain technologies.
According to the president of the Central Bank of Brazil, Roberto Campos Neto, the country could have the necessary conditions for implementing a central bank digital currency (CBDC) sometime during 2022.
Brazil has only recently begun formally studying the possibility of implementing a CBDC. On August 20, the Central Bank installed a study team to evaluate the idea.
Source:
https://decrypt.co/40812/brazil-could-have-cbdc-by-2022-says-central-bank-president