Brazil’s CBDC pilot contains code that can freeze or reduce funds, dev claims

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Published Jul 10, 2023 10:48PM ET Updated Jul 11, 2023 12:20AM ET

Brazil's CBDC pilot contains code that can freeze or reduce funds, dev claims

A blockchain developer who claims to have reverse-engineered the source code of Brazil’s pilot central bank digital currency has discovered functions in the code that would allow a central authority to freeze funds or reduce balances.

He has since argued, however, that there could be situations that such functions could be beneficial.

Continue Reading on Coin Telegraph

Brazil’s CBDC pilot contains code that can freeze or reduce funds, dev claims

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