Brazil targeting a 2022 launch for its CBDC
The CBDC will be part of the plan to digitize Brazil’s payment system, including launching an instant payments system and a competitive Open Banking System.
Latest Brazil News
Brazil central bank forms CBDC study group
The group will investigate the implications of a central bank digital currency (CBDC) on the country’s economy, among other things.
Binance blocked from offering derivatives in Brazil
Binance doesn’t have a license to act as a securities intermediary in Brazil, which means it has been offering derivatives illegally.
Brazil regulator lifts Facebook ban, WhatsApp payments still suspended
A Brazilian regulator has lifted a ban on WhatsApp payments. However, users still can’t process payments on WhatsApp due to outstanding central bank ban.
Brazil central bank freezes WhatsApp payments
The system was not analyzed by monetary authorities in advance, and posed risks to the wider payment system in Brazil, central bank says.
Argentina cracks down on digital currency as trading volume soars
The Argentinian government is cracking down on the digital currency trading sector as it seeks to prevent citizens from dumping the inflationary local currency.
Brazil to resume probe into banks’ ban on digital currency firms
The Brazilian antitrust regulator has voted to resume investigations into a ban by six of the largest private banks after they banned digital currency firms.
Brazil’s regulators launch blockchain platform for info sharing
Brazil’s regulators have jointly launched a blockchain-powered platform to share information between them, reducing bureaucracy and increasing transparency.
Brazilian exchange XDEX shuts down, cites regulatory uncertainty
Brazilian digital currency exchange XDEX is calling it quits, just 17 months after its launch. The exchange blamed restrictive regulations for its demise.
Bitcoin SV listing added to Brazilian exchange NovaDax
The listing will see BSV trading pairs join the exchange, presenting NovaDax users with the flexibility to buy, sell and trade BSV through the platform.
Brazil crypto exchanges shutting down
A new piece of legislation in Brazil has made it quite difficult for crypto exchanges to operate with stringent demands. 2 exchanges shut down in the past week.
Brazilian crypto exchanges about to lose banking support
Brazilian banks are closing bank accounts belonging to crypto exchanges, following a ruling by the country’s regulator. Crypto industry has protested in vain.