El Salvador, Brazil, and Argentina are the major Latin American countries that are taking a different approach to cryptocurrency regulations and digital finance. Their recent decisions show how their governments are using crypto in experimental ways. El Salvador and Brazil consider cryptocurrency. El Salvador has launched a $100 million investment
Brazil’s Congress has recently proposed a bill to purchase a strategic reserve of 1 million Bitcoins. The Lawmakers proposed implementing the bill over five years through gradual Bitcoin purchases. The official draft of this bill is known as the Bitcoin Strategic Reserve Act. It extends previous ideas of utilizing foreign
Itaú Unibanco’s investment division has released a guidance that implies investors should allocate a small part of their holdings to digital currency in 2026. The advice indicates a range from 1% to 3% of the portfolio even if the market has been volatile lately. Thus, it is a big move
This week, Brazil experienced a devastating cyberattack that hit the central banking system and caused enormous financial losses to several institutions. Hackers were able to hack C&M Software which is a vital service provider that links the Central Bank of Brazil to the local financial institutions. The hack resulted in
The executive chairman of Meliuz has announced that his fintech company has become the first publicly-traded Bitcoin Treasury company of Brazil. The company got shareholder approval, and it also purchased $28.4 million worth of Bitcoin. The chief executive officer of Meliuz, Israel Salemen, announced through X on May 15 that
Brazil is accelerating its cryptocurrency regulatory framework, positioning itself ahead of the United States. According to a report by The Defiant, the Central Bank of Brazil (BCB) has enforced strict rules to tackle stablecoin transfers to increase security and management. These rules limit the movement to self-custody wallets, particularly the
Brazil has recently launched its world’s first exchange-traded fund (ETF) to track the spot price of XRP. Valor Economico revealed through its press release that the major stock exchange of Brazil, B3, started trading funds on April 25. Hashdex is the manager of the ETF named Hashdex Nasdaq XRP Fundo
The BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, is shifting increasingly towards cryptocurrency. As well as blockchain payment systems to facilitate cross-border trade. While the coalition is looking for ways to reduce the use of the US dollar for foreign trade, some of the member countries
Bybit has officially launched Bybit Pay in Brazil, integrating with Pix, the country’s popular instant payment system. This new solution enables users to make payments using both cryptocurrencies and Brazilian reais. With over 60 million users worldwide, Bybit aims to streamline crypto payments in everyday transactions, offering a flexible and
Brazil has banned Worldcoin (WLD) from offering cryptocurrency or financial incentives in exchange for biometric data. The National Data Protection Authority (ANPD) enforced the directive on January 25, following a detailed investigation that started in November 2024. The Brazilian DPA issued a temporary ban on Worldcoin's iris-scanning venture. pic.twitter.com/keYaZRgx98 —
