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A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed…
The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their collateral assets in Brazil. This, in turn, would…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how Latam is changing its position…
Brazil is boldly leading a national trade overhaul, defying U.S. pressure as it champions local currency use and strengthens BRICS’ push for financial independence and resilience. Brazil Pushes BRICS Trade…
Amid a public debate regarding an executive order that increases the current tax on financial transactions, Brazil is considering taxing crypto transactions to mitigate the impact of the increase, which…
Meliuz, a Brazilian cashback company that became the first to establish a bitcoin strategic reserve in Latam, revealed it intends to purchase nearly $80 million more worth of bitcoin. The…
Eduardo Nogueira Liberato, an official from the Central Bank of Brazil, stated that this stablecoin proposal is not set in stone, and that there is room to flexibilize the methods…
Braza Group, one of the largest financial groups in Brazil, unveiled USDB, a dollar-pegged stablecoin issued on top of the XRP Ledger. Currently available to its institutional customers, the token…
Binance announced that its customers in Brazil will be able to make payments using their cryptocurrency balances at millions of businesses through the Pix system. This development increases the usability…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the recent bitcoin purchases by…