Brazil

Brazilian bank floats dollar-backed stablecoin to provide customers with investment options
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11 April, 2023

Brazilian bank floats dollar-backed stablecoin to provide customers with investment options

BTG Pactual says the latest innovation in the local fintech space, the BTG Dol, will allow customers to invest in...
Russia wants BRICS nations to explore new trade currency
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4 April, 2023

Russia wants BRICS nations to explore new trade currency

India and Russia should take the lead in forming a financial relationship to ultimately create a new common currency, according...
Brazil’s digital real makes its debut on a public blockchain
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9 March, 2023

Brazil’s digital real makes its debut on a public blockchain

The experiment was conducted by digital currency exchange Mercado Bitcoin and Stellar protocol designed to promote low-cost and real-time settlement...
Outgoing Brazilian president signs historic digital asset bill into law
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27 December, 2022

Outgoing Brazilian president signs historic digital asset bill into law

A bill seeking to legalize virtual currencies has been signed into law and will take effect 180 days following the...
The economic gamble of digital dollarization
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22 December, 2022

The economic gamble of digital dollarization

So-called stablecoin Tether continues to spread its pervasive influence over a digital asset industry that is being increasingly embraced with...
Brazil’s central bank moves closer toward CBDC launch in 2024
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18 December, 2022

Brazil’s central bank moves closer toward CBDC launch in 2024

The CBDC launch is expected to promote financial inclusion, support existing payment systems and provide better risk control to help...