Brazil’s digital real makes its debut on a public blockchain
The experiment was conducted by digital currency exchange Mercado Bitcoin and Stellar protocol designed to promote low-cost and real-time settlement for users.
Latest Brazil News
Outgoing Brazilian president signs historic digital asset bill into law
A bill seeking to legalize virtual currencies has been signed into law and will take effect 180 days following the president’s approval, allowing Brazilians to make payments using digital assets.
The economic gamble of digital dollarization
So-called stablecoin Tether continues to spread its pervasive influence over a digital asset industry that is being increasingly embraced with wide arms and closed eyes across large parts of Latin America.
Brazil’s central bank moves closer toward CBDC launch in 2024
The CBDC launch is expected to promote financial inclusion, support existing payment systems and provide better risk control to help Brazil achieve its digital economy ambition.
Brazil seeks executive assent as it moves closer to robust digital asset legal framework
Brazil is awaiting the signature of President Jair Bolosonaro, which would officially give power to a proposed bill expected to transform the country's digital asset sector.
Brazil’s Rio de Janeiro to allow digital asset tax payments
Rio de Janeiro Mayor Eduardo Paes announced the initiative in March, saying it was the city’s attempt to attract the global digital asset community.
US, Brazilian law enforcement agencies bust international digital asset fraud ring
With help from their U.S. counterpart, Brazilian authorities busted a fraud ring allegedly behind transnational financial fraud schemes that prey on victims from at least 12 countries.
Brazil’s securities regulator urges Mercado Bitcoin to provide details on issued tokens
Said to be an attempt to put the missing puzzle on Mercado Bitcoin's alleged regulatory breach, Brazil mandates the local exchange firm to give details on issued tokens, including accumulated sales.
Brazil court orders ‘Bitcoin Pharaoh’ to return $3.7B to Ponzi scheme victims
A rags to riches man was embroiled in an alleged Ponzi scheme, with investors accusing him of ripping them off worth billions of assets, which is suspected to have funded his extravagant lifestyle.
Brazil court denies “Bitcoin Pharaoh” candidacy in upcoming elections
The so-called Bitcoin Pharaoh was arrested in August last year for defrauding over 27,000 Brazilians in a pyramid scheme that promised guaranteed 10% monthly returns.
Brazil securities watchdog orders Bybit exchange to cease operations
The Brazilian CVM has ordered Bybit exchange to cease offering securities illegally, four months after it commenced operations, just as it banished Binance.
Brazil SEC rebuffs digital asset regulations, wants bigger role
A regulatory framework that was approved by lawmakers in April and currently on the desk of the Office of President gives the Brazilian securities regulator a small role in the digital currency industry.