One of the nations that has made considerable strides in the area of central bank digital currency over the past 12 months is Brazil. Even though there isn't an official release date for the digital real just yet, Roberto Campos Neto, the head of Brazil's central bank, just announced the launch of DeFi-integral Digital real to be on 2024. Campos Neto also mentioned the fusion of traditional and decentralized finance-based structures with the digital real.