Tag: brazil

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Crypto Scams

Brazilian Crypto Ponzi Scheme Operator Gets 128-Year Sentence

128 years for a $190M crypto scam puts Joel de Souza in prison  Braiscompany’s false trading promises cost 20,000 investors money. Joel Ferreira de...
News

Court Approves Crypto Seizure for Debt Repayment in Brazil

Brazil court approves crypto seizure for debt collection. Creditors can now seize crypto assets from borrowers in Brazil. A Brazilian court has approved the...
News

Largest Bank in Brazil Eyes Stablecoin Launch

Itaú Bank Eyes Stablecoin Launch, Awaits Regulatory Approval Itaú Supports Self-Custody Stablecoins with Legal Frameworks Itaú, the largest bank in Brazil, is looking into...
Bitcoin News

Brazil Considers Bitcoin in Foreign Reserves Amid Policy Debate

Story Highlights Brazil considers adding Bitcoin to foreign reserves for economic stability. Lawmaker proposes allocating up to 5% of Brazil’s reserves to Bitcoin. Proposed...
Exchange News

Ripple partners with Unicâmbio to Expand in Portugal

Ripple has partnered with Unicâmbio to launch cross-border payments between Portugal and Brazil. Ripple now supports over 90 payment markets and processes $70...
Stablecoins

Brazil Sees Crypto Boom, with 90% Flow in Stablecoins

Brazil sees a surge in stablecoins transactions, raising regulatory concerns. Officials explore Pix expansion and Drex's role in digital finance evolution. Brazil is experiencing a...
Crypto Payments

Bybit Pay Launches in Brazil with Seamless Crypto Payments Using PIX

Bybit launches Bybit Pay in Brazil, integrating with PIX for seamless fiat and crypto payments, offering secure, flexible solutions. Bybit, the world’s second-largest cryptocurrency exchange...
News

Brazil Stops Crypto Rewards for Biometric Data Collection

Brazil stops crypto rewards for biometric data collection, enforcing stricter privacy laws and transparency to protect citizens' sensitive information. Brazil’s data protection watchdog, the National...
Exchange News

Binance Expands in Brazil with Central Bank Approval

Binance secures Central Bank of Brazil approval for acquisition, expanding its services, ensuring compliance, and enhancing security for Brazilian users. In a significant move to...
Bitcoin News

Brazil Proposes Bitcoin Reserve to Diversify Financial Assets

Brazil proposes Bitcoin reserve to strengthen financial stability, joining global trends alongside Pennsylvania and Venezuela to hedge against inflation. A Brazilian lawmaker has proposed a...
Blockchain Technology

Brazil’s CBDC Pilot Advances with Blockchain Power

Drex CBDC pilot phase 2 improves trade finance using blockchain. Microsoft, Banco Inter, Chainlink, and 7Comm have joined forces. Brazil's central bank, known as...
Exchange News

HKMA Joins Brazil and Thailand for Tokenization Trial

HKMA and BCB connect CBDC platforms to ease cross-border transactions. Collaboration enhances trade finance, green finance, and tokenized asset innovation The Hong Kong Monetary...
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