CB Brazil: B3 Stock Exchange Could Become Data Oracle for Digital Real – Bits Media

One of the employees of the Central Bank of Brazil suggested, that the local B3 stock exchange will act as an oracle for the country's state cryptocurrency system.

During the webinar organized by the Central Bank of Brazil, dedicated to digital real, Mardilson Queiroz, employee of the financial system regulation department of the Central Bank (Mardilson Queiroz) spoke about the regulator’s plans to issue state cryptocurrency. According to him, B3 stock exchange can become one of the oracles of the digital real system to create a “bridge” between external data and state cryptocurrency.

During the event, B3 Listing and Data Product Director Luis Kondich (Luís Kondic) said, that it is too early to assess the role of participants in the new financial structure, promoted by the Central Bank of Brazil. Recall, that this summer the Bitcoin ETF was launched for the first time on the B3 stock exchange, and in August, trading of the first “green” ETF on BTC began on the exchange.

Although this summer the Brazilian regulator postponed the launch of the state cryptocurrency for two to three years, Apparently, the Central Bank continues to study the potential possibilities of the digital real. Brazil's central bank began exploring the concept of a government-owned cryptocurrency last summer., and in April of this year he said, which has reached significant progress in the development.