Brazil's Central Bank announced the first official digital currency of the country.
The main points are:
DREX (Digital Real X), is expected to launch next year.
It will be issued and controlled by the Central Bank as a extension of Brazilian Real.
It will be possible to exchange it to BRL(Brazilian Real) and vice versa.
It will require a digital wallet tied to a bank account.
They claim it is not a crypto currency.
It will be tied to BRL. 1 BRL = 1 DREX.
It will work on blockchain.
They will assure the privacy of the transactions.
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