Brazilian lawmakers warn of risks associated with CBDC project Drex, recommend voting on its final deployment

Brazilian Congressman Julia Zanatta expressed concerns about the impact of the launch of the central bank digital currency (drex) on citizens' lives. She said that if drex is not deployed properly, it could lead to the end of physical currency and suggested a vote on its final deployment. Zanatta said that she has planned to establish multiple backup measures to prevent this from happening and help Brazilians maintain their current economic freedom. She emphasized that the use of drex should be voluntary rather than mandatory, as it could become a tool to exert control over Brazilians, and also called on the public to raise awareness of such issues, as these tools could be used to restrict personal freedom. Zanatta believes that since drex has not yet been approved for launch, she will propose a referendum to let citizens decide the future of the project, because changes of this scope should at least be discussed in Congress. The pilot of drex is currently in its second phase and faces delays due to the lack of effective implementation to protect the privacy of potential users. (Bitcoin.com)