Brazil Crypto News

Argentina and Brazil are preparing a joint venture to establish a shared common currency to remove reliance on US Dollar.

G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.

The Brazilian Real continues to struggle to hold its value against inflation, prompting Brazilians to turn to stablecoins.

BFT was launched by Brazil's government and football federation on August 25, 2021, offering special privileged experiences to investors and sports fans.

Brazilian lawmakers took a huge step forward for Bitcoin adoption by approving a framework bill recognizing digital assets as an investment class.

A recent Chainalysis report noted that crypto adoption in South America had grown by 40% within the last year.

BitBoy Crypto alleges former SEC director accepted bribes to declare Ethereum a commodity, investors pile on bonds as the interest in crypto fades, and much more in this edition of CryptoSlate Wrapped Daily.

Brazil's Federal Police busted the "Bitcoin Sheikh" for defrauding thousands of people worldwide and laundering $766 million illicit crypto funds.

In the U.S., 61% of retail respondents said they currently invest in crypto in Q2. That's an increase of 44% from just 42% investing in crypto in Q1.

The duo will spread Ripple's On-Demand Liquidity (ODL) solution in Brazil to offer instant cross-border payments in crypto.

The bill will bring more transparency to Brazil’s gold mining industry.

Leading European banking institution Santander plans on providing its Brazilian clients with access to a crypto trading solution soon.

Rio de Janeiro secretary of finance and planning is looking to allocate a percentage of the city's treasury into Bitcoin while also providing crypto investors with tax breaks.

The city established a Municipal Committee for Crypto Investments to work on governance and investment models for the city.

Mercado Libre will use Mastercard's CipherTrace Technology to monitor, identify, and understand risks in the crypto space.

Nox Bitcoin, a Brazilian crypto exchange, said it will allocate roughly 620.000 Brazilian reais to reimburse customers who incurred losses associated with the UST de-peg

Brazil is the latest Latin American country to signal pro-crypto sentiment, as it pushes to establish a legal framework around digital assets.

While the European investment products saw outflows last week, the Americas, notably Canada and Brazil, recorded inflows.