🇧🇷 The Brazilian central bank's pilot for its digital currency, drex, has hit a significant roadblock! In a recent report, the bank revealed that the implementation of the CBDC is lacking a crucial element: privacy. Despite testing three potential solutions—Zether, Rayls, and Starlight—none have met the necessary requirements to balance transaction privacy with the need for regulatory oversight. While these technologies can obscure transaction details from third parties, they also prevent authorities from monitoring for fraud and compliance. 🔍 The central bank emphasizes that without the ability to review transactions, the security and integrity of the drex platform could be compromised. As they move into a new pilot phase, the focus remains on resolving this privacy issue before considering new proposals. What are your thoughts on the challenges of implementing privacy in CBDCs? Can a balance be struck? Let us know! 💬