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A draft introduced in the Brazilian Congress seeks to void the recently issued stablecoin rules, arguing they represent regulatory overreach by the central bank. The proposal also accuses the bank…
The Central Bank of Brazil has finalized rules governing virtual asset service providers (VASPs) and stablecoin transactions, focusing on financial stability and reducing their use for illicit purposes, according to…
The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project, is temporary. The bank intends to continue using decentralized technology…
Fernando Haddad, Brazil’s Minister of Finance, said it is preparing a regulatory overhaul to attack the use of cryptocurrency to finance organized crime. This overhaul includes tougher rules on crypto…
The Central Bank of Brazil announced it would discontinue the platform used to run drex, the Brazilian CBDC initiative, during its first two phases. Fabio Araujo, the project’s coordinator, stated…
OKX rolls out OKX Pay and OKX Card in Brazil to offer USD stablecoin access, up to 10% APY, and no IOF tax on international spending. OKX announces in São…
The company, Brazil’s largest of its kind, repurchased nearly 100,000 ordinary shares between Oct. 27 and 30 as net asset value (NAV) fell below 1. OranjeBTC said the move “represents…
According to officials of the CVM, the Brazilian equivalent of the SEC, this number will be reached because of the crowdfunding rules that enable these processes to run as a…
Brazil is rocketing into the future of finance as institutional tokenization explodes, with VERT Capital’s latest on-chain credit milestone on the XRP Ledger signaling that regulated digital assets are going…
Exchanges in Brazil have reported an increase in the adoption of stablecoins since the Financial Transaction Tax (IOF) more than tripled from 1.1% to 3.5%, affecting foreign payments and purchases…