The Banco Central do Brasil (BCB) is set to deploy a six-member delegation to the Central Banking Autumn Meetings 2025 in Rio de Janeiro from November 19–21. The international forum will center on “international collaboration in a new era of global shocks and innovation.”
A standout theme on the agenda is the role of cryptocurrencies and Bitcoin holdings in sovereign reserve portfolios.
According to the official agenda, one panel, titled “Crypto & bitcoin in reserves, an emerging asset class or a speculative gamble?,” will explore how central-bank reserve managers are evaluating digital assets amid shifting geoeconomic dynamics.
The BCB’s delegation includes Deputy Head of Foreign Reserves Ricardo Martinelli and IT, ESG, and legal-policy executives such as Aristides Andrade Cavalcante Neto, Yuri Habibe Jorge, Lucas Alves Freire, and Jose Luiz Barros Fernandes.
Their participation reflects Brazil’s growing interest in digital money infrastructures, including its own planned digital currency, Drex, which is being developed to complement the national instant-payments system, Pix.
Another major thread of discussion will focus on central bank digital currencies and stablecoins. Executive Secretary Rogério Lucca will lead a lecture entitled “The Future of Money: Innovation, Interoperability and Partnership”, joined by international peers including Alberto Naudon (Chile), Adolfo Sarmiento (Uruguay), Johny Gramajo (Guatemala), Moad Fahmi (Bermuda), and Ádám Banai (Hungary).
Topics will probe whether CBDCs and stablecoins can coexist, the governance implications of issuing digital money on third-party ledgers, and how public-private partnerships can drive innovation.
As central banks weigh digital-asset strategies amid inflation, currency volatility and global payment innovation, Brazil’s active involvement signals a strategic bet that digital money will be a defining element of monetary policy and finance in the coming years.