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.
Latest Brazil News
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.
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.