1 / 10 Relevant items tagged with #Brazil
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Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft
[Dec 3 1:30 PM] The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the…
Latam Insights Encore: Brazil Frontrunning the US in Building a Strategic Reserve Might Rally BRICS Around Bitcoin
[Dec 3 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines how Brazil might frontrun the U.S. to become the first nation to enact strategic bitcoin…
Brazil proposes to ban stablecoin withdrawals to self-custodial wallets
[Dec 2 12:46 PM] Brazil, the second-largest market for stablecoin transactions, may ban stablecoin withdrawals to self-custodial wallets like MetaMask.
Latam Insights: Strategic Bitcoin Reserve Proposed in Brazil, Volcano-Powered Bitcoin Mining in El Salvador
[Dec 1 5:02 PM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, a Strategic Bitcoin Reserve bill gets introduced in Brazil, Bukele hints at renting volcanos for bitcoin…
Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
[Nov 26 9:29 PM] New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience.
Brazil Introduces Bill to Establish Strategic Bitcoin Reserve
[Nov 26 8:45 PM] Brazil’s Chamber of Deputies has formally introduced a bill proposing the creation of a Strategic Sovereign Bitcoin Reserve (RESBit) to diversify national financial assets and strengthen economic resilience. Brazil Proposes Bitcoin Reserve…
How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
[Nov 13 7:14 PM] Hyla Fund Management wants to become the Goldman Sachs of crypto. The firm plans on launching a new Latin America crypto fund as part of its strategy.
3 Central Banks Forge New Path in Cross-Border Digital Asset Innovation
[Nov 2 11:20 AM] New partnerships between central banks target digital currency integration to streamline tokenized cross-border transactions and modernize the global financial infrastructure. Cross-Border Finance Revolution: Three Nations Pioneer Digital Asset…
Brazilian Central Bank Considers Taxing Stablecoin Remittances
[Oct 31 10:30 AM] The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank…
Brazil’s crypto imports surged 40% in September
[Oct 29 6:09 PM] Brazil continues to see an increase in crypto activity as digital asset imports reach $1.4 billion in September.
Latam Insights Encore: Brazil’s Determination to Build a New Financial System Will Guide BRICS Toward a Common Currency Agreement
[Oct 28 9:35 PM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how Brazil’s firm determination to push the world toward a multipolar financial…
Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency
[Oct 27 7:35 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil declares the necessity of creating a BRICS-centric financial system, President Javier Milei axes the…
Russia Drives Dedollarization Forward With BRICS — Brazil Now Leads Next Steps
[Oct 27 4:30 AM] Russia’s push for BRICS to abandon the U.S. dollar has reached critical milestones, with formalized agreements and functioning alternatives to Western financial systems now in place. BRICS Pushes Dedollarization and Financial Autonomy Forward At…
Brazil Calls for Unified BRICS Financial System, Challenging Western Hegemony
[Oct 24 1:30 AM] Brazilian President Luiz Inacio Lula da Silva has urged the creation of a unified financial system among BRICS nations. He emphasized the need for alternative monetary relations. Egyptian President Abdel Fattah el-Sisi echoed this sentiment…
Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil
[Oct 22 8:30 AM] The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and…
Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization
[Oct 21 10:30 PM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this…
Millions Already Hold This Latam-Based Dollar Pegged Stablecoin
[Oct 21 10:30 AM] Mercado Libre, the Latin American e-commerce and financial services giant, has reached a milestone with meli dolar, an in-house distributed dollar-pegged stablecoin. The token, launched in August, is now in millions of wallets, according to Ignacio…
Latam Insights: Brazil Pushes BRICS Away From the US Dollar, Bitcoin Adoption Falters in El Salvador
[Oct 21 6:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical…
Ripple CEO Praises the State of Cryptocurrency Regulation in Brazil
[Oct 19 10:05 PM] Brad Garlinghouse, CEO of Ripple, a payments and cryptocurrency service provider, has praised the state of cryptocurrency regulation in Brazil, one of the largest crypto markets in Latam. In an interview with Valor Economico, Garlinghouse…
Tokenization and Stablecoins Close to Being Regulated in This Latam Giant
[Oct 18 5:40 PM] The President of the Central Bank of the Latin American giant announced plans to expedite the regulation of asset tokenization and stablecoins by 2025. The bank will issue a new consultation this month to gather more input on the rules for…
Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade
[Oct 17 1:30 AM] Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum…
Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential
Chainalysis Latam Report Highlights Major Crypto Growth Milestone in Surprising Nation
[Oct 12 4:30 AM] A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising…
BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
[Oct 11 6:30 AM] Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’…
Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering
[Oct 10 9:34 PM] The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants…
Argentina overtakes Brazil in crypto inflows — Chainalysis
[Oct 10 9:16 AM] Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%.
BRICS More Attractive Than EU, Says Serbia’s Vulin
Brazilian Crypto Giants Team up to Launch Real-Pegged Stablecoin
[Oct 9 5:30 AM] Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon, with Cainvest providing liquidity for the BTC and ETH pairs listed…
X to be restored in Brazil in 24 hours, rules Justice Alexandre de Moraes
[Oct 8 8:47 PM] The ruling came after the social media platform settled a roughly $5.5 million fine in the South American country.