Brazil central bank denies CBDC trial links with Seattle startup
The Seattle startup, known as Kaj Labs, published a PR claiming it was working with the central bank of Brazil on digital real trials, which the bank has refuted.
Latest Brazil News
Digital currency eyed as payment option for workers in Brazil
Federal Deputy Luizão Goulart’s proposal seeks a new law that provides workers in Brazil the right to request digital currency as a mode of payment from employers.
Brazil eyes making BTC legal tender, allowing its use as payment for goods
Brazil’s parliament is expected to debate a bill that would officially recognize BTC as legal tender and allow citizens to use it as payment for goods.
Brazil to adopt tougher penalties for digital currency money launderers
Brazil will raise the penalty for laundering through digital currencies to two-thirds of laundered money and prison sentence to 16 years and eight months.
Brazilian investment bank plans to release digital currency offering
The new digital currency platform will initially offer BTC and Ethereum as two main currencies, but plans to include other digital currency options.
Brazilian police seize record $29M in alleged digital currency investment scam
The $29 million was seized from a BTC consultancy in Rio de Janeiro and the founder arrested, alleging that he moved billions in his BTC pyramid scheme.
Brazil’s central bank eyes regulation for digital currencies
The president of the Brazilian central bank revealed that the bank is looking to regulate digital currencies even as it continues to develop its CBDC.
Brazilian police seize $33M in digital currency money laundering probe
Brazilian civil police seized R172 million ($33.3 million) from two individuals and 17 legal entities, as part of the Operation Exchange covering six warrants in Diadema, Sao Paulo.
Brazil’s ‘Bitcoin King’ arrested over alleged $300M embezzlement
Claudio Oliveira was the president of the Bitcoin Banco Group, a Brazilian digital currency brokerage company that reportedly lost over 7,000 BTC following an alleged hack in 2019.
DoJ seizes $24M in digital currency from alleged Brazilian scammer
Federal authorities said the digital currencies were tied to Marcos Antonio Fagundes, who is facing charges in connection with the scam that defrauded $200 million from investors.
Brazil readies state-backed digital bank for IPO
Brazil’s federal government is reportedly in advanced stages of planning the initial offering of shares in the freshly created Caixa Econômica Federal.
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.