Bullet points of Brazil tests DeFi elements, compatibility in Drex CBDC pilot

Bullet points of Brazil tests DeFi elements, compatibility in Drex CBDC pilot
- Brazil's central bank is developing a synthetic central bank digital currency, Drex
- Drex aims to blend decentralization, privacy, and programmability
- The country is incorporating decentralized finance (DeFi) principles into its development
- The CBDC will be part of an Open Finance platform
- The platform will promote competition and bring the DeFi ecosystem into the regulatory perimeter