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Brazil's CBDC Source Code Reveals Functions Allowing Central Authority to Freeze Funds or Reduce Balances, Says Blockchain Developer

A blockchain developer claims to have reverse-engineered the source code of Brazil's pilot central bank digital currency and discovered functions that would allow a central authority to freeze funds or reduce balances. However, the developer argues that such functions could be beneficial in certain situations.

The source code of the Real Digital pilot project was posted on GitHub by Brazil's top bank and is intended for use only in a test environment subject to additional changes. Many in the cryptocurrency community have raised concerns about the potential infringement on financial freedom and privacy with a CBDC.

Brazil Central Bank Digital Currency Privacy
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