On 4 September 2024, Brazil’s central bank - Banco Central do Brasil - published a press release (only available in Portuguese) on the second phase of its central bank digital currency (CBDC) pilot programme. Thirteen use cases have been selected after 42 proposals were presented.
The first phase involved testing privacy and programmability functionalities of the platform through a single use case. The second phase will involve testing the infrastructure developed for the pilot by implementing financial services through smart contracts created and managed by third-party participants on the platform.
The central bank has indicated that in Q3 of 2024 it will issue a new call for participation in the pilot.