brazil News and Articles

Federal Police of Brazil seized gold, luxury cars, and watches worth 4 billion Brazilian reals (about $766 M) while raiding houses of the members of a gang led by businessman Francisley Valdevino da Silva, known as "Sheik dos Bitcoins". According to a report by a local newspaper, the...

In connection with a money laundering probe, six cryptocurrency exchanges' operations have been under scrutiny since last Thursday by Brazilian law officials. The nation's officials claim that both people and businesses might use digital currency to legitimate illegal earnings and avoid paying...

Brazilia-based digital wallet application and payments solution PicPay started providing crypto services to more than 30 M users. Through the platform, users can buy, hold, and sell cryptos in a direct way. PicPay teamed up with the blockchain tech company Paxos to enable users to access cryptos....

São Paulo-based financial services company PicPay plans to support crypto payments. The company published a blog post that says they aim to enable users to pay with cryptocurrencies for everyday services as the team believes crypto is much more than investments. Users will be able to store and...

Brazil has joined those countries that are considering options for creating a national digital currency (CBDC). However, the Central Bank of this Latin American state will not rush to launch the token. The largest Brazilian bitcoin exchange Mercado has become a member of the project to create a...

Brazilian Senators will vote on the crypto regulations bill, which had been approved by the Senate’s Economic Affairs Committee on February 22. If it passes, the bill will be addressed to President Jair Bolsonaro and will come into effect after he signs it. The document sets guidelines stating...

Brazilian city Rio de Janeiro’s mayor Eduardo Paes, disclosed plans to buy BTC with 1% of the city's treasury funds at the Rio Innovation Week. Also, he said that there'll be up to 10% discount on prices in the case of BTC payments. As Paes stated, Rio aims to turn into South America's tech...

The Brazilian military police have arrested the founder and CEO of the cryptocurrency pyramid Mirror Trading International (MTI) Johann Steinberg, who was wanted by Interpol and the FBI in 2019. Law enforcers began spying on the suspect immediately after receiving information about his location in...

Back in early summer, the press center of the Central Bank of Brazil announced the regulator's plans to issue a digital version of the real (CBDC) within the next two to three years. Then, information about the start of token testing began to spread on social networks. The Central Bank denied these...

In early June, the press service of the Central Bank of Brazil said that digital real could appear in approximately two or three years. The authorities of the country will not rush to launch a national token (CBDC), as they need additional time to assess the long-term potential of the instrument...

Brazilian Federal Police seized 150 million Brazilian reais ($ 28.7 million) worth of cryptocurrency in Operation Kryptos, linked to an alleged pyramid scheme. Law enforcers arrested five people. In addition to digital assets, the police ended up with $ 3.6 million in cash in US dollars, 21 premium...

The exchange-traded fund BITH11, which is managed by Hashdex, has announced its intention to invest part of its assets in green technologies and so-called carbon credits. Thus, the company's management wants to create the country's first purely green ETF. For example, Hashdex wants to start the...

In a few years, we will see cash become part of history and finally be replaced by digital currencies. This point of view was expressed by João Manoel Pinho de Mello, who is the director of the Central Bank of Brazil. People and companies themselves will begin to switch to such forms of payment...

Brazil Approved the First Ether-based ETF in Latin America As Brazilian media reports, the country's Securities Commission has approved the first Ether ETF in Latino America. The product managed by QR Asset Management will operate under the symbol QETH11. It will function on Brazil's stock market...

Back in the fall of last year, Brazilian Economy Minister Paulo Guedes announced his country's intention to launch a national digital currency (CBDC). The creation of the token will become part of a large-scale project of the authorities to digitize the economy. Moreover, the head of the department...

On March 19 the Brazil Securities and Exchange Commission (CVM) validated two crypto exchange trade funds (ETFs). One of them is a pure BTC ETF and the other one consists of six crypto assets. The initiator of the ETFs is a fintech firm QR Capital. The ETFs will be available on The Brazilian Stock...

Residents of Fortaleza (the major Brazilian city) will soon have the opportunity to pay Bitcoins for their trips on public transport. It is reported by The Block, with reference to local media. In particular, the cooperative of autonomous passenger carriers of the State of Ceará, whose capital is...

There is a possibility that countrysides of Brazil will start adopting cryptocurrencies for their day-to-day essentials. Minasul is a major arabica-bean organisation, which is preparing to develop a blockchain-based coin that’ll be backed by coffee stocks. Farmers will have an opportunity to...