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Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering

The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search…

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BRICS More Attractive Than EU, Says Serbia’s Vulin

Serbia’s Deputy Prime Minister Aleksandar Vulin has championed BRICS as a compelling alternative to the European Union, emphasizing the economic bloc’s appeal for Serbia. He highlighted how BRICS does not…

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Brazilian Crypto Giants Team up to Launch Real-Pegged Stablecoin

Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon,…

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Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational…

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Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution

Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the…

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Latam Insights: Argentina and El Salvador Fight Against the International Agenda

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Argentina rejects the UN’s Pact for the Future,…

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Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached…

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Putin: BRICS Nations Developing Own Payment and Settlement System

Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at…

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North Korea Signals Closer BRICS Relations Amid Growing Russia Ties

North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related…

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Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios

A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24…

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