Brazil’s central bank has allowed local cryptocurrency exchange Mercado Bitcoin to participate in the country’s central bank’s CBDC pilot, Valor reported. The Mercado Bitcoin Group was initially excluded from the 14 groups selected by the central bank to participate in the pilot, which, in addition to Mercado Bitcoin, included Mastercard, broker Genial, registrar Cerc, and fintech company Sinqia. The Central Bank of Brazil said the group lacked at least one regulated financial or payment institution with direct access to Brazil's national financial network. At first, the only encrypted digital asset platform participating in the pilot was Foxbit. Until June 2, Mercado Bitcoin received a payment institution license from the central bank. The group intends to participate in three tests proposed by tokenization issuers: wholesale, retail and treasury bill negotiations, seeking to test the technical aspects of the network and the governance model of distributed technologies such as DLT.