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IMF Sounds the Alarm: Why Brazil’s Booming Crypto Market Needs Urgent Oversight

In its most recent Financial System Stability Assessment report, the IMF acknowledged the massive scale of the Brazilian cryptocurrency market, with cross-border crypto flows surpassing traditional alternatives. The report calls…

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São Paulo Sues World and Amazon AWS for $47 Million Over Abusive Biometric Data Collection

The Consumer Prosecutor’s Office of Sao Paolo stressed that World focused on attracting people in situations of economic vulnerability and maintained this practice even after the National Data Protection Authority…

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São Paulo Court Rules Against Coinbase in Landmark Case Over $100K Self-Custody Hack

The ruling, which went against Coinbase even though it did not control the user’s wallet, might establish a precedent for liabilities affecting companies providing self-custody tools, even if they are…

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Brazil Orders Tobacco-Style Warnings on All Betting Ads: ‘Betting Makes You Lose Money’

Brazil’s Finance Ministry is imposing the strictest advertising regime yet on the country’s licensed betting operators, mandating cigarette-style health warnings on every ad, banning pundits and influencers from nudging viewers…

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Operation Veil of Maya: Brazilian Police Dismantle Massive Illegal Betting and Crypto Money Laundering Ring

With information from the Ministry of Finance and the Prizes and Betting Secretariat (SPA), the Police executed nine search warrants in São Paulo, Ribeirão Preto, Porto Alegre, and Canoas, targeting…

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