[Drex Brazil CBDC pilot second phase dedicated to privacy protection and DeFi] Mars Finance News, the Central Bank of Brazil will accept applications for the second phase of the Drex Central Bank Digital Currency (CBDC) pilot project from October 14 to November 29. The bank is particularly interested in business cases that can be implemented through smart contracts.

New business cases should highlight privacy solutions, especially with regard to the Brazilian General Data Protection Law, and should address existing and potential legal barriers to implementation.

Currently, 13 cases have been confirmed for the second phase of the pilot. According to news reports, new use cases include accounts receivable transfer, CBDC mortgage, international trade financing, foreign exchange market optimization, public bond liquidity pools, and negotiations involving automobiles, carbon, bonds and real estate.