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Brazil Committee Recommends Indicting Binance Officials, CZ

[Oct 12, 2023 1:30 PM] A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can…

Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says

[May 26, 2023 6:00 PM] The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will…

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain

[Mar 9, 2023 5:30 PM] According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform…

Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors

[Feb 27, 2023 6:30 AM] A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network…

Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government

[Jan 11, 2023 5:00 PM] The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto…

Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out

[Dec 1, 2022 4:30 PM] A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green…

Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears

[Nov 23, 2022 12:30 AM] Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users…

Brazilian Bank Itau Unibanco to Offer Cryptocurrency Custody Services in 2023

[Nov 21, 2022 6:30 AM] Itau Unibanco, one of the biggest Brazilian banks, has announced it will offer cryptocurrency custody services in 2023. Itau Digital Assets, the cryptocurrency unit of the company, will be responsible for this offering, which will be first…

Brazilian Cryptocurrency Bill Resurfaces After General Ballot

[Nov 21, 2022 3:30 AM] The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week. According to reports, the project identified as 4.401/2021 will be…

FTX collapse won't impact everyday use of crypto in Brazil: Transfero CEO

[Nov 19, 2022 10:01 PM] The fall of FTX undoubtedly hurt investor sentiment toward crypto, but it won't change its popularity as a means for cross-border transactions.

Brazil Based FTX Customers Organizing to File Class-Action Lawsuit

[Nov 18, 2022 8:00 AM] A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against the company. The suit would be led by Ray Nasser, CEO of Arthur Mining, and will be brought by customers who had more than $100,000 on…