Brazilian central banker describes how CBDC system can halt bank runs By Cointelegraph

In a paper not too long ago revealed by the Financial institution for Worldwide Settlements (BIS), Fabio Araujo, an economist on the Central Financial institution of Brazil (CBB) who can also be chargeable for the nation’s central financial institution digital foreign money work, revealed that the financial authority can have better management over the inhabitants’s cash as soon as its CBDC is rolled out. Via the so-called Actual Digital, the central financial institution will have the ability to halt financial institution runs and impose different restrictions on residents’ entry to cash.

Actual Digital, the digital model of Brazil’s nationwide foreign money, has been debated on the central financial institution since 2015 and can have its first assessments in 2023 by way of 9 options introduced by personal corporations through the latest Raise Problem occasion that was carried out by the CBB.