Share this article
Brazil's Central Bank Says Nation Might Be Ready for a Digital Currency by 2022
Brazil's fast-digitizing financial infrastructure could set the stage for CBDC in the next two years, said Campos Neto.
By Danny Nelson
Updated Sep 14, 2021, 9:52 a.m. Published Sep 3, 2020, 8:55 p.m.
Brazil's chief central banker, Roberto Campos Neto, said Wednesday that his country could be ready for a digital currency (CBDC) by 2022.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- By that time, the Banco Central president said, Brazil will have an interoperable instant payments system and a "credible" and "convertible" international currency - "all the ingredients to have a digital currency," he said at a Bloomberg event covered by local outlet Correio Braziliense.
- Campos Neto also was reported to have said that CBDCs are the consequence of fast-digitizing financial systems such as Brazil's. Banco Central is rolling out its PIX instant payments system in November and launching an Open Banking initiative later this year.
- The comments place some context around Banco Central's late August move to create a working group to begin studying CBDC issuance. That group's final report should be ready within six months to a year, he said Wednesday.
Read more: Brazil’s Central Bank Tasks Group With Laying Out Road Map to Digital Currency Issuance
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts
Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report.
What to know:
- Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity.
- Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said.
- Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.
Top Stories
