A blockchain developer has reverse-engineered the code behind the Brazilian Central Bank Digital Currency (CBDC) and discovered an unsettling feature: the government has built in the ability to freeze funds and adjust balances.
Pedro Magalhaes, founder of Web3 consulting company Iora Labs, reviewed the Application Programming Interface published by the monetary authority on its Github account. And he says the government has not been forthcoming with an explanation.
https://decrypt.co/148786/brazil-cbdc-allows-central-bank-freeze-funds-adjust-balances