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Brazil

Brazil central bank to tighten digital asset regulation amid 44% spike in investment
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4 October, 2023

Brazil central bank to tighten digital asset regulation amid 44% spike in investment

From January to August, Brazilians invested $7.4 billion in digital assets, attracting the central bank's attention, which wants to curb...
Brazilian regulators join group of nations in creating comprehensive AI rules
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19 September, 2023

Brazilian regulators join group of nations in creating comprehensive AI rules

Brazil's Senate Commission on AI embarks on a plan for comprehensive AI regulations, initiating the rollout of inaugural AI law...
Brazil CBDC faces setbacks as banking regulator suspends innovation lab
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2 September, 2023

Brazil CBDC faces setbacks as banking regulator suspends innovation lab

Facing technical difficulties and privacy concerns, Brazil's CBDC launch falters following the central bank's indefinite suspension of LIFT Lab, causing...
It’s ‘DREX,’ not digital real: Brazil unveils the name of its CBDC
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11 August, 2023

It’s ‘DREX,’ not digital real: Brazil unveils the name of its CBDC

DREX is an acronym for digital real electronic transactions, with its logo depicting two arrows that signify the evolution of...
Brazil’s new law appoints central bank, securities watchdog as digital asset regulators
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19 June, 2023

Brazil’s new law appoints central bank, securities watchdog as digital asset regulators

The CVM and Brazil's central bank will regulate tokens considered to be securities and VASPs, respectively, as Brazil seeks to...
Brazil: Mercado Bitcoin secures payment provider license amid plans to diversify
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11 June, 2023

Brazil: Mercado Bitcoin secures payment provider license amid plans to diversify

Brazil opened a pathway to diversify its financial services after the central bank granted Mercado Bitcoin a payment provider license,...
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