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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…
ABcripto, the Brazilian Cryptoeconomy Association, asked the central bank to suspend a proposal to introduce a 24-hour delay for large stablecoin remittances. The organization explained that such a measure would…
The operation, named “Exchange,” involved the participation of over 50 officers who executed 13 search and seizure warrants and 11 temporary arrest warrants in the state of Sao Paulo. The…
In a Brazilian Congress hearing, Fábio Araújo, consultant for the Financial System Regulation Department (Denor), stressed that, unlike other crypto assets, stablecoins have specific traits that would be better regulated…
The Brazilian central bank has now included VASPS under Type 3 classification, with the same requirements as brokerage and securities distribution firms. Furthermore, the rules passed exclude VASPs from receiving…
The Central Bank of Brazil recently sent a notification to several financial institutions about the possible misuse of purpose structures to import crypto into Brazil and act as intermediaries. This…
Recent data released by the Central Bank of Brazil reveals that demand for digital assets and stablecoins has exploded in Brazil, with purchases surging 155% YoY until May 2026, when…
The 24-hour hold period would allow virtual asset service providers to screen the transactions and verify the legitimacy of the funds moved. The funds could be released in a shorter…
While Congress prepares to consider Bill 4308/2024 to regulate the status of stablecoins, the cryptocurrency industry opposes designating them as electronic money, advocating for maintaining the current status of virtual…
The payments company announced on Tuesday native integration with Brazil’s fast payment network Pix, allowing users to purchase and spend USDT with Oobit’s platform. The action targets a market of…