The Administrative Council for Economic Defense has launched an investigation into banks in Brazil, which were allegedly abusing their power to undermine domestic cryptocurrency exchanges.
The private information of over 264,000 users of Brazilian cryptocurrency trading platform Atlas Quantum has been exposed in a hack, according to local media reports.
Twelve people in Brazil were charged with using SegWit BTC to launder millions of dollars that they earned from a drug smuggling racket that reached Europe, Africa and Asia.
Banco Central do Brasil is using blockchain for information sharing because it allows horizontal communication between all regulators connected to the platform.
Beijing-born cryptocurrency exchange Huobi is reportedly marketing its platform in Brazil, while also making attempts to hire staff that will man its new Sao Paolo offices.
Police in Rio de Janeiro recently uncovered a major money-laundering scheme involving state officials who reportedly acquired $22.4 million—some of which had already been converted to BTC.
