Fri, March 29

Digital Bank Revolut Now Offers Crypto Services in Brazil

Revolut, a digital bank, has recently opened in Brazil, making its services available to Brazilian citizens for the first time. Revolut has already introduced its solutions in Europe and other locations, but this is the company’s first entry into the Latin American market. Foreign exchange and remittance services in numerous

May 2, 2023 2 mins read

Brazilian Authorities Investigate Binance Over Crypto Derivatives

According to recent reports from the Brazilian newspaper Valor Econômico, the Brazilian authorities are investigating Binance. However, Binance has been in the spotlight lately due to regulatory concerns in several countries. The company has been accused of not complying with local regulations. BREAKING: Crypto exchange #Binance under investigation by Federal

April 21, 2023 2 mins read

First-Ever NFT in Brasileirão Assaí: Binance and CBF Teams Up

The world’s largest crypto exchange, Binance, collaborates with the Brazilian Football Confederation (CBF), the largest football entity in Brazil, to launch the first NFT in the history of Brasileirão Assaí. The collaboration allows fans to access the technology that improves the match experience. Guilherme Nazar, Binance’s Brazil country manager, stated:

April 15, 2023 1 min read

Brazil’s BTG Pactual Investment Bank Launches USD-backed Stablecoin

With the debut of its stablecoin pegged to the U.S. dollar, major Brazilian investment bank BTG Pactual keeps adding new cryptocurrency services. Using the bank’s custody services, BTG Pactual is getting ready to introduce the BTG Dol, a new stablecoin tied to the U.S. dollar at a 1:1 ratio. On

April 4, 2023 2 mins read

Pilot Test For Brazil’s CBDC ‘Digital Real’ Successfully Completed

The Brazilian government’s plan to create a central bank-issued digital currency, known as the “digital real,” is making progress towards a likely release date. Local exchange Mercado Bitcoin announced the successful completion of a series of pilot tests. Aimed at analyzing the interoperability of a tokenized version of the digital

February 27, 2023 1 min read

Brazil Drafting Decree to Already Enacted Crypto Regulations

There is an effort afoot to broaden the scope of Brazil’s recently enacted cryptocurrency regulations. Which were signed into law by departing President Jair Bolsonaro on December 21. Reports from regional media suggest that the Ministry of Finance is drafting a decree. To rectify some of the ambiguities that arose

February 18, 2023 1 min read

Brazil’s Banco do Brasil Now Allows Tax Payments in Crypto

To make paying taxes easier, a prominent Brazilian bank is now accepting cryptocurrency payments. Banco do Brasil, a major Brazilian financial institution said in a press release on February 11 that it has partnered with Bitfy. The latter is a cryptocurrency exchange established in Brazil. The duo plan to make

February 12, 2023 1 min read

Brazil’s Sao Paulo Embraces Blockchain For Municipal Law

A growing number of industries and governments are beginning to use blockchain, a key component of cryptocurrency. Sao Paulo’s new municipal data and transparency law recognizes blockchain as a tool that may be utilized to facilitate government operations. In the law, blockchain is described as a distributed digital ledger that

January 28, 2023 2 mins read

Brazil’s Bradesco Tokenizes First Batch of Bank Credit Notes

As one of the first Brazilian organizations to use blockchain technology. Bradesco, a major financial institution in Brazil and Latin America, has joined the cryptocurrency revolution. On January 13, 2023, the bank said that, as part of a pilot study to evaluate the viability of these technologies. It has tokenized

January 16, 2023 2 mins read

Brazil’s President Bolsonaro Signs Crypto Regulations Into Law

Brazil’s President Jair Bolsonaro approved a crypto regulatory bill recently passed by the country’s Chamber of Deputies and Senate on Thursday. The bill will not permit the use cryptocurrencies like Bitcoin. Recently signed legislation includes numerous digital currencies as authorized payment methods. The new law establishes a crime of fraud involving

December 23, 2022 1 min read