Brazil

Highlights: Brazil’s Central Bank has announced new restrictions on stablecoin transactions. The new regulation will limit sending stablecoin coins to some selected wallets. Brazil is also considering the possibility of issuing its first sovereign bond denominated in Chinese Yuan. Brazil’s […]

Highlights: Braiscompany raised R$1.11 billion from 20,000 investors through fake crypto promises. Joel Ferreira received a 128-year sentence for operating a pyramid scheme. The court seized R$36 million from those convicted in the Braiscompany case. A federal court in Brazil […]

Highlights: Itaú Unibanco is considering launching a stablecoin pegged to the Brazilian real. U.S. regulatory shifts influence Brazil’s approach to stablecoin development. Itaú is waiting for clearer regulations in Brazil before proceeding with stablecoin plans. Itaú Unibanco, a multinational bank […]

Highlights: Brazil may be next in line on plans to create a Bitcoin reserve for the country. Pedro Giocondo Guerra believes that BTC will support financial stability in the country. The government will shoulder the responsibility of securing the assets […]

Highlights: Brazil may allow workers to receive part of their salaries in Bitcoin under a new legislative proposal. The bill requires at least half of employee wages to be paid in Brazilian real to protect national currency use. Lawmakers seek […]

Highlights: A Brazilian man was extradited for a $290 million Bitcoin fraud and now faces multiple charges in a US court. The suspect tricked investors with a fake crypto platform that never existed. The accused could face up to 20 […]

Highlights: Braza Group has launched the BBRL stablecoin in Brazil using the XRP Ledger. BBRL will be available to businesses first and later to individuals through the Braza On app. Braza Group expects BBRL to capture 30% of the market […]

Highlights: Ripple has partnered with Unicâmbio to enable instant payments between Portugal and Brazil. Blockchain transactions will help to reduce costs and the processing time for payments. Ripple has expanded globally by growing its payment network to enable wider access. […]

Highlights: Bybit Pay has debuted in Brazil, highlighting global expansion efforts. With the integration, Bybit wants to streamline fiat and crypto payments for Brazilians. Collaborating with PIX made the partnership more tailored for Brazilian customers. Crypto exchange Bybit announced in […]

Highlights: Binance has secured approval to acquire a broker-dealer license in Brazil. Binance has expanded its global compliance team to over 1000 staff to enhance regulatory adherence. The growing crypto adoption in Brazil aligns with the efforts of Binance to […]

Highlights: Bybit Physical card begins the pre-registration phase for Brazilian customers. Registering for the card within a specified window qualifies users for benefits like free card issuance and several others. The physical card initiative is coming four years after launching […]

Highlights: Ripple partners with Mercado Bitcoin to launch crypto-enabled cross-border payments in Brazil, enhancing transaction speed and efficiency. Businesses can now make faster, cheaper international payments using Ripple’s end-to-end blockchain solution through Mercado Bitcoin. The partnership marks Ripple’s expansion in […]