Central bank digital currency análise das diretrizes iniciais do banco central do Brasil

Abstract

Central Bank Digital Currency (CBDC) - fiat money issued by central banks in digital format - has progressed in recent years from a bold speculative concept to an apparent inevitability. CBDCs promise to enable a wide range of new features, such as smart contracts, programmable money, and a host of new monetary policy financial instruments. In the last BIS mapping, in 2020, 86% of Central Banks indicated that they were actively working on some type of CBDC project. In addition, the survey pointed out that central banks are moving towards more advanced stages of development of CDBCs, leaving the sphere of ideas and theories and moving towards experimentation - around 60% of central banks are taking proof tests and 14% are developing pilot projects. The context, therefore, shows that they are a relevant trend in the world of digital currencies that needs to be monitored and understood. Given this, this monographic work aims to analyze the possible effects of the creation of a central bank digital currency by the Central Bank on the Brazilian financial system, based on bibliographical research based on the analysis of literature already published in the form of books, articles, gray literature (theses , dissertations, works presented at congresses, reports, etc.), given the state of the art for the year 2021.