The governor of the Central Bank of Brazil (BCB) has given details of how the country’s proposed digital currency would interact with plans for a new digital wallet.

Speaking at an event on December 13, Roberto Campos Neto said the central bank digital currency (CBDC) would interact with a new digital wallet.

He said the BCB planned to convert regulated deposits into a form of stablecoin, which could be exchanged for CBDC “on demand”. This would ease regulation, since deposits are already