Brazil News

A new report reveals that 134 countries, covering 98% of the global economy, are exploring digital currencies, with 44 currently piloting CBDCs. Central bank digital currencies are gaining widespread attention, with nearly 99% of the global economy now focused on…

Stablecoins settled $3.7 trillion in 2023 and are on pace to reach $5.28 trillion in 2024, with growing usage beyond exchange settlement, new research shows. Stablecoins continue to solidify their role in the global financial landscape, with settlement volumes reaching…

Brazilian Nubank has abruptly halted trading of its Nucoin cryptocurrency, citing a need to protect users from potential market volatility. Digital fintech Nubank is closing its cryptocurrency, suspending immediately all trading within its app. In a Sept. 10 blog post,…

Binance, through its Brazilian subsidiary B Fintech Serviços de Tecnologia Ltda, has agreed to pay $1.7 million to the authorities. The settlement involved a case with Brazilian regulator Comissão de Valores Mobiliários on the back of alleged violations of local…

The Brazilian Securities and Exchange Commission has approved the country’s first Solana exchange-traded fund. According to Brazilian news outlet Exame, the approved Solana (SOL) ETF will be created by asset managers QR Asset and run by Vortx. Additionally, CF Benchmark’s…

Civil police in Brazil’s Sao Paulo have cracked down on a money laundering operation leveraging cryptocurrencies, run by the Primeiro Comando da Capital, a notorious drug gang. According to CNN, the PCC gang operated a cryptocurrency exchange that facilitated their…

Itaú Unibanco has opened crypto trading to all users of its Íon investment platform, allowing clients to buy and sell Bitcoin and Ethereum directly through the app. The largest financial institution in Latin America, Itaú Unibanco, has expanded access to…

Fractured Latin America is turning its attention to cryptocurrencies. What is happening in these countries?

BlackRock unveiled its partnership with Brazil's B3 stock exchange to launch the iShares Bitcoin Trust ETF's Brazilian Depositary Receipts on Thursday.

Pix faces scrutiny over its business model, with concerns about pricing, fraud protection, and market disruption.

Brazil’s largest lender, Itau Unibanco, announced its entrance into the crypto market by introducing a trading service for clients on its investment platform.  The initial offering includes trading in Bitcoin (BTC) and Ether (ETH), with plans to incorporate additional cryptocurrencies.…

The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.

OKX has launched its crypto exchange and Web3 wallet in Brazil, marking a significant expansion into the Latin American market with a focus on providing secure and comprehensive crypto trading and defi services.

Transfero, a major fiat onramp in Latin America, partners with Finery Markets to launch an OTC crypto trading desk using FM's trading software.

Brazil's top financial institutions are preparing for the nationwide rollout of the central bank's digital currency, Drex. 

A recent report from Chainalysis illuminates this grassroots crypto adoption across Latin America. Brazil, Argentina, and Mexico have emerged as leaders.