## [Drex will not increase control over the population, BC says]

fonte: https://newsletter.brazilcrypto.io/p/167-chainlink-enters-the-drex-cbdc?utm_campaign=email-half-post&r=23nadi&utm_source=substack&utm_medium=email

While some have criticized the Brazilian Central Bank’s CBDC project as a potential lever for increasing government scrutiny and control over everyday citizens, bank officials argue that this is not the case.

Fabio Araujo, Drex coordinator at the bank, argued that this won’t be possible because Drex is decentralized — with participants operating their own nodes — and does not involve a state-run KYC process for everyone using the platform.

Speaking at the Criptorama event hosted by ABCripto, he said:

“Participants operate nodes and we do not KYC anyone. On top of the pseudo-anonymity that already exists on the network, if we manage to implement a ZKP solution [zero-knowledge proof privacy solution] it will be impossible to individually look at transactions. Only the bank can do this, as is already the case today.”

New participants will need to continue joining the platform to further decentralize, it was noted.

Araujo also emphasized that the bank has “nothing against” the cryptocurrency markets despite its development of Drex:

"We have nothing against the cryptocurrency market. The market is using digital asset technologies to manage risks and meet different demands. For example, some prefer more centralized solutions and others opt for decentralized alternatives. This depends on individual preference and the specific needs of the business.

We are working to ensure that, regardless of the model chosen, security is preserved within these environments. These technologies offer a new environment, an additional alternative for the population, expanding the options available. This is, from my point of view, an important opportunity to foster innovation and inclusion.”

He further explained that the bank’s goal is to bring the easy-to-use nature of cryptocurrencies into the traditional financial world, noting that Brazilians are currently more likely to invest in cryptos or bets than fixed income products or government bonds:

"It is easy for the user to access digital assets: just open an application, make the transaction and that's it. This simplified experience, combined with the ease of integration with digital channels such as banks and brokerages, is a crucial point that DREX seeks to incorporate into the system.”