The Drex, Brazilian digital currency regulated by the Central Bank, will open opportunities for the tokenization of the economy and boost the democratization of the financial system in the country. This was the central theme presented by the CEO of the Brazilian Association of Crypto-economy (ABcripto), Bernardo Srur, and by the entity's advisor,Daniel Paiva, during the public hearing of the Commission on Communication and Digital Law (CCDD) of the Federal Senate, held last Tuesday, July 9. O objetivo da audiência foi discutir o Projeto de Lei Complementar (PLP) 80/2023, that deals with the issuance of the Brazilian digital currency, known as Drex.
Srur brought the trends of the new format and emphasized the importance of privacy in the adoption of digital currency, highlighting also the role of ABcripto in promoting security and in the transition to the digital economy. "Drex will be an important tool for the tokenized economy", offering another way for the population to access this market with more efficiency and democratization. This is an important and current discussion, that will open many paths and opportunities, inclusive together with the crypto economy, stated.
From a regulatory and legal standpoint, Daniel Paiva emphasized that the PLP should focus on security, and emphasized that information privacy is guaranteed by the regulation of the Central Bank. "We have been living with the digitization of money for a long time", and some points raised by the PLP will bring more solidity to the financial system. The reform has the potential to be expanded with more complex and secure themes beyond Drex, "how the evolution of PIX and the tokenization of assets", finished.
