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The decision, applied under Section 301 of the Trade Act of 1974, was taken by the USTR after a year-long investigation that found certain circumstances in Brazil, including Pix payments,…
The Brazilian securities watchdog (CVM) is preparing to establish an experimental regime for securities in the next 60 days. To this end, it has established a working group to propose…
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…
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…
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…