brazil
Brazil Records the First Blockchain-Based Birth Certificate
The first birth certificates recorded on the blockchain was issued in Brazil to Álvaro de Medeiros Mendonça.
Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines
The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines.
Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward
The Central Bank of Brazil is planning the potential issuance of a Central Bank Digital Currency (CBDC) by setting up a research study group.
Brazil Highlights Blockchain Technology as a Digital Strategy Goal
Last week, Brazil unveiled its Digital Government Strategy that highlighted the use of distributed ledger systems and blockchain technology to transform major parts of the economy, especially in a post-COVID-19 environment.
Banks in Brazil Set to Introduce New Payment System to Rival Cryptocurrency
The central bank of Brazil is looking to provide a 24-hour payment system with a speed capacity of 10 seconds via the use of mobile apps, internet banking, and ATMs. Code named PIX, it is set to directly rival the use of cryptocurrency in the country.
Brazil Could Deploy CBDC by 2022, Says Central Bank President
According to Brazil’s Central Bank president Roberto Campos Neto, the country has all the necessary implementations set in place for a digital currency issuance to happen in 2022.
Nucripto Achieves 1M Users in One Month
Nubank's crypto exchange subsidiary Nucripto reached 1 million users in just one month. It offers services to sell, purchase, and hold custody of cryptocurrencies.
Facebook Faces New Hurdles as Brazil’s Central Bank Suspends New WhatsApp Mobile Payment Service
Brazil’s central bank has suspended WhatsApp’s payments feature in the country. The newly-launched system allows users of Facebook Inc’s WhatsApp instant messaging service to send money via chat.
Top Brazilian Investment Broker to Roll Out Crypto Trading Services in August
XP Inc., a leading Brazilian investment brokerage firm, plans to establish a crypto trading platform by mid-August, offering Bitcoin and Ethereum trading at the early stage.
Brazilian Central Bank Exec Says CBDC Pilot to Go Live this Year
Roberto Campos Neto, the President of the Central Bank of Brazil, has confirmed that there will be a pilot testing of Central Bank Digital Currency (CBDC) dubbed the Digital Real.
Mercado Bitcoin, Stellar Team Collaborate on Brazil’s CBDC Project
Mercado Bitcoin and the Stellar Development Foundation will explore the possibility of developing CBDC solutions to meet Brazilian future payments needs in a digital economy.
Companies among S. American Nations are Optimistic Accepting Crypto, Study Shows
Companies permitting Bitcoin and other crypto payments have a more positive outlook in Brazil, Columbia, and Argentina, according to a study by financial payments processing firm CoinsPaid.
Ripple Launches Crypto On-Demand Liquidity Service in Brazil
The Travelex Bank has partnered with Ripple to use the crypto on-demand liquidity service to offer a better customer experience to their customers.
Blockchain Technology Powers Brazil's National Identity Card Issuance
Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.
Top Brazilian Meat Processing Company Leverages Blockchain to Reduce Deforestation
JBS, a leading Brazilian meatpacker, has resorted to blockchain technology to leverage its traceability of tens of thousands of cattle it processes daily.
Brazil’s Securities Market Regulator Targets Mercado Bitcoin over Token Sale
Brazil's regulator has ordered Mercado Bitcoin, the largest local crypto exchange, to provide information on fixed-income tokens the exchange has issued over the last two years.
Brazilian SEC Seeks Adjustment to Crypto Regulation
The Brazilian Securities and Exchange Commission (SEC) is pushing for adjustments to the legal framework of the crypto market in the country.
US Seizes $24M in Cryptocurrencies Tied to Brazilian Investment Fraud Probe
The US Department of Justice has seized $24 million in cryptocurrencies following investigations linked to online investment fraud.
Visa Integrating Cryptocurrency Services into Brazilian Banks
Visa is further expanding its cryptocurrency services. The payment giant firm is working in Brazil to integrate cryptocurrency services into the local banking system.
Brazil Real Estate Developer Stalwart Gafisa Starts Accepting Bitcoin as Payment
Stalwart Gafisa believes that Bitcoin will add real value to its clients’ experience.
Brazil Considers CBDC Project as a Means to Innovate Digitally: Economist
The development of CBDC means several things to several people, and for Brazil, it is a broad complement to its already transforming payment ecosystem.
Brazil’s Bank BTG Pactual Launches Crypto Trading Platform
BTG Pactual has confirmed the official launch of its crypto platform, Mynt. The platform supports the trading of Bitcoin, Ether, Solana, Polkadot, and Cardano.
Brazilian Senate Committee on Economic Affairs Approves Crypto Regulation Bill
Crypto regulation on Brazilian soil gained steam after the senate’s economic affairs committee approved a bill highlighting the ground rules and day-to-day usage of digital currency funds.
Brazilian Crypto Firm 2TM Announces Second Round of 15% Layoffs
2TM - the Brazilian startup that owns the Mercado Bitcoin cryptocurrency exchange - announced Thursday that it will lay off 15% of its workforce, or about 100 employees.
Brazilian Couple Behind $400M Crypto Ponzi Scheme Nabbed in Argentina
Authorities in Argentina have arrested a Brazilian couple accused of masterminding a $400 million cryptocurrency Ponzi scheme.
Brazil and Argentina explore a common currency
Coinbase CEO Brian Armstrong promotes Bitcoin for Brazil and Argentina. A alternative currency to the Argentine peso and Brazilian real is being prepared by the two South American nations. BTC might become the second-largest currency bloc after the US dollar.
Brazil's largest private bank Launches Crypto Trading Platform in Brazil
Brazil's largest private bank, Itaú Unibanco, has launched a cryptocurrency trading service, offering Bitcoin and Ethereum trading, with plans to expand further.
Digital Asset Firm Hashdex to Launch Web3 ETF on the Brazilian Stock Exchange
The Web 3 ETF (WEB311) will track Web 3 firms that are expected to benefit from technology infrastructure.
Brazil's Digitra.com Launches Crypto Platform Using Nasdaq's Cloud-Based Tech
Digitra.com is leveraging Nasdaq’s marketplace services platform to enhance digital assets trading offerings.
Bybit Enters Brazil After Govt Approval for Crypto
Dubai-based cryptocurrency trading platform, Bybit has announced its full-scale expansion into Latin America through Brazil.
Amber Group Expands Retail Trading Operations into Brazil Through WhaleFin
Cryptocurrency financial services startup Amber Group has announced that it will expand its retail trading operations into Brazil through a retail platform called WhaleFin.
Ripple (XRP) Check Feature May Soon See the Light of Day
The long-awaited Ripple Check may soon be launched as the margin for the needed votes by the network's validators narrows. With the Check feature, institutions and users will find flexibility in money exchange and adherence to compliance.
Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money
The President of Brazilian Banking Federation has argued that cryptocurrencies do not meet the basic criteria of real currencies.
Major Brazilian Investment Bank BTG Pactual Opens Crypto Trading Services to Customers
BTG Pactual, a central investment bank in Brazil, is developing its cryptocurrency trading service in response to increased demands from its customers who want to invest in crypto assets.
Rio de Janeiro to Accept Crypto Property Tax Payment from 2023
Rio de Janeiro is gearing up to be the first city on Brazilian soil to accept tax payments in cryptocurrencies from 2023.
Brazil's Digital Banking Platform Nu Holdings Adds 5.7m new customers in Q2
Nu Holdings has added 5.7 million new customers in the second quarter of 2022. The Brazilian digital banking unicorn now has 65.3 million people and businesses using its services.
Japan’s SoftBank leads $200 million investment in Brazil’s Mercado Bitcoin
Japan SoftBank recently invested $200 million into the Mercado Bitcoin crypto exchange in Brazil, which is considered the largest raised through a Series B funding round in Latin America’s history.
BlackRock to Launch Bitcoin ETF in Brazil
BlackRock introduces the iShares Bitcoin Trust ETF in Brazil, marking a significant foray into cryptocurrency for traditional investors.
Binance Partners with Payment Platform Latam Gateway, Resuming Deposits and Withdrawals Service
Binance cryptocurrency exchange, the world’s largest crypto exchange platform by trading volume has announced a partnership with Brazilian payments platform Latam Gateway to restore deposits in Brazilian reals in the region.
Bitso Reaches 1 Million Users Mark in Brazil
Bitso has now reached a mark of 1 million users in Brazil, a year after its release in the country, the Mexican cryptocurrency exchange announced.
OKEx Allows Traders to Purchase Tether through Brazilian Reals via PIX
OKEx exchange officially announced establishing a strategic partnership with CuboPay, a local payment processor in Brazil. Exchange users are now allowed to use Brazilian real through PIX in exchange for Tether purchases.
26% Brazilians Invested in Crypto over Last 6 Months, Study Shows
A transition to cryptocurrencies as a means of payment and store of value by 26% of Brazilians in the last six months has been prompted by being unbanked or underbanked and high inflation rates, according to a study by crypto exchange KuCoin.
Brazilian fintech giant XP Inc Launches Crypto Trading Platform XTAGE
Brazilian fintech giant XP Inc has announced the official launch of the XTAGE cryptocurrency trading platform in Brazil, opening the door for more than 3.6 million potential users to invest in the cryptocurrency market.
Brazil's Tax Authority Cracks Down on Unreported Bitcoin Holdings
The Brazilian Federal Revenue Service identifies over 25,000 individuals with undeclared bitcoins, leveraging advanced technologies to enforce tax compliance in the cryptocurrency sector, signaling increased scrutiny and regulatory measures for crypto investors.
Authorities in the U.S and Brazil Disrupt Crypto Fraud Ring
The United States Immigration and Customs Enforcement recently reported an investigation by the Brazilian National Police, U.S. Homeland Security Investigations (HSI) and other law enforcement agencies that led to the disruption of crypto-related fraud across several countries but with operational base in Curitiba, Brazil
Brazil Securities and Exchange Commission Bars Bybit Offering Crypto Trading
Brazilian Securities and Exchange Commission (CVM) ordered the ban on cryptocurrency exchange Bybit from engaging in the securities brokerage business.
Rio de Janeiro Plans to become "Crypto Rio" by Storing Part of its Reserves in Bitcoin
Following in the footsteps of Miami, Brazilian city Rio de Janeiro plans to enter the crypto space by having 1% of its reserves in Bitcoin.
Following Investigations in Brazil for Crypto Scams, Ronaldinho Faces Arrest for Using Fake Passport
Ronaldinho, the widely celebrated football player faces arrest for attempting to use fake passports to enter Paraguay after the scandal of his involvement in cryptocurrency scams.
Brazil Becomes the First Latin American Country to Get Its First Bitcoin ETF
Brazil’s regulator has approved the first ever Bitcoin exchange-traded fund in Latin America.
Top Brazilian Crypto Exchange Mercado Bitcoin Adopts Sports Token Chiliz
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced its plans to add sports token Chiliz ($CHZ) to its existing list of digital assets.
1 in 9 Indonesians hold Cryptocurrency, Hootsuite Report
According to a report shared by Hootsuite citing GlobalWebIndex, 11% of all Indonesians own some kind of cryptocurrency. The total population of Indonesia is just over 270 Million people which makes it the fourth most populous country on the planet.
How Ripple-Backed Bitso Plans to Expand Cross-Border Crypto Remittance Services in Latin America
Ripple-backed crypto exchange Bitso announced that it will expand its cross-border crypto remittance services in Latin America through a $62 million investment.
Ethereum Express Establishes Two Pilot Projects Encompassing Over 48,000 Users
Ethereum Express (EEX), a community-driven decentralized ecosystem, has revealed the launching of two pilot projects that will comprise of more than 48,000 users. These initiatives are utilizing the Proof-of-Authority-based Ethereum Express blockchain to boost the productivity of their business procedures.