CryptoBlog n.2233
Brazil’s Central Bank (BCB) has chosen 13 participants, including Visa and Santander, for the second phase of its central bank digital currency (CBDC) pilot, known as Real Digital. Visa, alongside XP and Nubank, will focus on optimizing the foreign exchange market, while Santander will work on projects related to automobile operations and decarbonization. The third phase of the pilot is expected to begin in late 2024, testing smart contracts by mid-2025.
CryptoBlog n.2231
🇸🇻 El Salvador’s Bukele says ‘Bitcoin hasn't had the widespread adoption we hoped for' Nayib Bukele, the president of El Salvador who passed the bill to legalize bitcoin as legal tender in the Latin American nation, said the monetary experiment has had mixed results so far. “Bitcoin hasn't had the widespread adoption we hoped for. Many Salvadorans use it. The majority of large businesses in the country have it,” Bukele said in a wide-ranging interview with TIME Magazine when asked if bitcoin monetization has “been a success.”
CryptoBlog n.2230
🖼 Trump’s new NFT series ‘America First’ features Bitcoin-linked digital cards Former US President Donald Trump revealed a new set of non-fungible tokens (NFT) via a Truth Social post on Aug. 27. Similar to previous Trump-inspired collections, the “Series 4: The America First Collection” features 50 digital cards containing images of the presidential candidate, including his notorious dance and some pictures of him holding Bitcoins (BTC).
CryptoBlog n.2229
China's state-owned People's Court Daily called for a standardized virtual currency judicial disposition, which could lead to formal national regulation around crypto. The article highlights virtual currency challenges, like ownership, valuation, and legal processes. It calls for clear judicial guidelines on legal status, compliance, and disposal, along with calls for international cooperation to tackle global challenges in digital finance.