The Central Bank of Brazil announced it would discontinue the platform used to run drex, the Brazilian central bank digital currency (CBDC) initiative. Fabio Araujo, the project’s coordinator, stated that drex would pivot to a platform to facilitate the use of assets as collateral, reports Bitcoin.com.
“Technological issues are the main obstacle to the advancement of the drex initiative. Associated with these issues, there is also the difficulty in relation to the current shortage of human resources in the central bank staff,” Araujo said.