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Banco Central do Brazil (BCB), the largest central bank in South America, has proposed legislation to ban stablecoin withdrawals to self-custody wallets. According to the Federal Government of Brazil’s document on Dec. 02, the central bank has opened the public…
USDT
Tether
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Brazilian legislators in the Chamber of Deputies proposed allocating 5% of the nation’s $370 billion treasury to Bitcoin strategic reserve.
BTC
Bitcoin
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A major money laundering network powered by cryptocurrencies linked to international drug cartels has been dismantled by United States federal authorities. On Nov. 21, a federal grand jury in the Southern District of Florida indicted nine individuals for conspiracy to…
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
LINK
Chainlink
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World, formerly known as Worldcoin, has announced the launch of its World ID Orb verifications in Brazil. According to a Nov. 12 announcement, the expansion of World ID verification to the Latin American country follows initial pop-ups in 2023 as…
WLD
Worldcoin
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Hong Kong Monetary Authority has partnered with the Bank of Thailand and Banco Central do Brasil to advance cross-border tokenization projects under collaborative initiatives. Hong Kong‘s financial watchdog, the Hong Kong Monetary Authority, has partnered with the central banks of…
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The Central Bank of Brazil is receiving proposal applications from companies that wish to participate in the nation’s central bank digital currency pilot, Drex from Oct. 14 until Nov. 29. Brazil Central Bank announced that it has already approved 13…
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Stablecoin transaction value on Brazil’s local exchanges has surged well beyond Bitcoin, reflecting a sharp rise in their use for B2B cross-border payments. Brazil‘s stablecoin market is thriving, as Latin America becomes the second-fastest-growing region with a year-over-year growth rate…
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Brazil’s biggest crypto exchange platforms Mercado Bitcoin, Foxbit and Bitso have teamed up to launch BRL1, the first stablecoin pegged to the value of Brazilian Real. According to Brazilian media outlet Valor on Oct. 8, Mercado Bitcoin, Foxbit and Bitso…
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Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider’s partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct. 3, Mercado Bitcoin will be the first platform to…
XRP
XRP
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Brazilian authorities have uncovered a $9.7 billion crypto laundering scheme, arresting suspects in multiple cities as part of a major financial crime investigation. Brazilian authorities have clamped down on a multi-billion-dollar money laundering scheme involving cryptocurrencies across multiple cities, including…
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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…
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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…
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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,…
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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…
BNB
BNB
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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…
Feature
Feature
