One of the employees of the Central Bank of Brazil suggested that the local B3 stock exchange would act as an oracle for the country’s state cryptocurrency system.
During a webinar on digital realism organized by the Central Bank of Brazil, Mardilson Queiroz, an employee of the financial system regulation department of the Central Bank, spoke about the regulator’s plans to issue a state cryptocurrency. According to him, the B3 stock exchange can become one of the oracles of the digital real system to create a “bridge” between external data and the state cryptocurrency.
During the event, LuÃs Kondic, Director of Products in Listing and B3 Data, said it was too early to assess the role of participants in the new financial structure being promoted by the Central Bank of Brazil. Recall that this summer, a Bitcoin ETF was launched on the B3 stock exchange for the first time, and in August, the first green ETF on BTC began trading on the exchange.
Although this summer, the Brazilian regulator postponed the launch of the state cryptocurrency for two to three years, apparently the Central Bank continues to explore the potential of digital real. Brazil’s central bank began exploring the concept of a state-owned cryptocurrency last summer, and in April this year said it had made significant progress in development.
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