Brazil's Rio Branco Institute Will Require New Diplomats To Understand Blockchain Technology

The Rio Branco Institute, a Brazilian diplomatic academy set up by the government, will start to require its students to learn about cryptocurrencies now. The institute, which was created back in 1945, is the responsible organization for a course that needs to be done by everybody who wants to be a diplomat in Brazil.

Now, all candidates for the position will need to understand more about the technology. In order to actually educate the candidates on this matter, the institution is set to start two courses about the subject, which will be focused on how the blockchain works and what are digital currencies and their characteristic.

The latest 2019 edict for selecting diplomats in the country will also ask questions about the blockchain. The test will be done in two phases and both of them will feature questions. There are 20 positions available and the starting salary will be over $19,000 BRL (around $5,000 USD).

Brazil and the Blockchain Technology

Unfortunately, Brazil is not very well-known for blockchain technology initiatives. While the country is not completely devoid of cryptocurrencies, large scale projects, especially in the public administration, are rare.

On the other hand, it seems like this may change soon. Financial authorities in the country are developing a regulatory sandbox for new technologies such as the blockchain now in order to improve the local financial market.

Also, the government is considering a new bill that would require administrations to promote a group of technologies that include the blockchain. If this bill is actually approved, it may represent an important advancement for the blockchain technology in the public service.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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