BRAZIL Trends and Developments Contributed by: Thomas Gibello Gatti Magalhães, André Dágola Brostoline and Luisa Grespan Danhoni Neves, Magalhães & Zettel
bets may be paid in a smart contract through DREX. In addition, Brazil is completing the implementa - tion of the Basel III rules. BCB faces major regu - latory challenges in the future, but increasingly shows itself to be the sheriff of a sound, efficient and technological financial system.
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