Brazil's Central Bank Selects 14 Institutions to Participate in CBDC Pilot

According to CoinDesk, the Central Bank of Brazil has selected 14 selected institutions to participate in the pilot of the digital reality of the country's central bank digital currency (CBDC), including major local private banks such as Bradesco, Nubank and Itaú Unibanco, as well as Brazil's largest public bank Banco do Brasil and local stock exchange B3. Multinational companies such as Visa and Microsoft have also been selected to participate. The Central Bank of Brazil will begin to include these participants in the real digital pilot platform in mid-June 2023.