Tag: Brazils

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Brazil’s tokenization push draws in banking heavyweight Itaú

Brazil’s biggest bank is taking another step into tokenized assets, adding to a growing list of the country’s financial heavyweights experimenting with putting traditional...

Brazil’s central bank orders exchanges to delay large crypto transfers abroad

Brazil’s central bank will require crypto exchanges to delay some customer transfers to foreign platforms and self-custody wallets for up to 24 hours as...

IMF warns Brazil’s stablecoin activity outpaces traditional capital flows

The IMF said Brazil’s stablecoin market has expanded rapidly since 2017, with cross-border crypto flows growing faster than traditional capital flows.

Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal

Brazil’s securities regulator, the Comissão de Valores Mobiliários (CVM) said it created a working group to draft an experimental framework for tokenized securities.The regulator...

Trump targets Brazil’s payments system while dollar stablecoins are quietly overtaking country’s payments

Dollar-linked stablecoins already account for roughly 90% of crypto transaction volume in Brazil, most of it used for payments and settlement, according to tax...

Brazil’s B3 exchange introduces options on BTC, ETH, SOL futures

Brazil's B3 stock exchange has unveiled options on bitcoin BTC$62,676.14, ether (ETH) and solana (SOL) futures, expanding its regulated crypto derivatives offerings.The contracts bec+ame...

Tether Invests $20M in Brazil’s Mercado Bitcoin

Tether has invested $20 million in a strategic growth financing round for Mercado Bitcoin, Brazil's largest crypto exchange, the stablecoin issuer announced Tuesday. The...

Tether Invests $20 Million In Brazil’s Mercado Bitcoin

Tether said Tuesday it will invest $20 million in a strategic growth financing round for Mercado Bitcoin, a move that deepens the...

Brazil’s central bank bans stablecoin and crypto settlement in cross-border payments

Brazil's central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances.BCB Resolution No. 561,...

Brazil’s B3 stock exchange to launch bitcoin-linked ‘event contracts’

Brazil’s main stock exchange B3 will begin offering six new derivatives contracts on April 27 that allow investors to bet on the likelihood of...

Brazil’s New Anti-Gang Law Lets Authorities Liquidate Seized Crypto to Fund Police Operations

Law No. 15,358 gives judges sweeping power to freeze digital assets during investigations as Brasília takes a "financial strangulation" approach to organized crime.Brazilian President...

Brazil’s finance minister delays divisive crypto tax plan

Brazil’s new finance minister, Dario Durigan, is expected to delay a public consultation on applying a tax on financial operations, locally known as Imposto...