Exchanges
Binance shutters crypto card services in Latin America, Middle East
Binance clarified that the service suspension would affect less than 1% of its users in the markets.
Oluwapelumi Adejumo 2 min read
Brazil News
CBDC pilots, exchange growth, regulation, and enterprise adoption in Brazil’s crypto economy.
Coverage footprint 0.3%
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Top Brazil Stories
CBDCs
Brazil to launch CBDC ‘DREX’ in 2024 said to improve financial accessibility amid centralization concerns
Examining potential risks and rewards in Brazil's blockchain move with 'DREX'.
CBDCs
Brazilian CBDC pilot source code includes methods to freeze, drain wallets
Brazil's CBDC pilot includes functions to freeze and unfreeze wallets, as well as functions to move, mint, and burn funds.
Latest Brazil Crypto News & Analysis
Regulation
Binance’s legal woes intensify as Brazil lawmaker seeks to question general manager
Former prosecutor-turned-lawmaker Alfredo Gaspar has called upon the legislature to summon the company's Brazilian general manager to appear in order to "provide clarifications."
Exchanges
Brazil investigating Binance over illegal derivatives offerings
Customer service agents allegedly told users how to circumvent restrictions.
Analysis
Crypto investment products record $160M inflows – breaking six-week negative strike
The six-consecutive-week outflows totaled $408 million, as this week's inflows mark the largest positive movement since July 2022.
CBDCs
Bitget partners with Capitual to participate in Brazil CBDC project
Bitget aims to participate in Brazil's and Argentina's CBDC projects, while enhancing its reach to government-level projects in the region
Adoption
Historic legacy bank enables Brazilians to pay taxes using crypto
Banco do Brasil has partnered with Bitfy so users can pay taxes with cryptocurrencies as easily as paying for a ticket by scanning a barcode.
Adoption
Coinbase CEO suggests BTC as alternative to proposed new S. American currency ‘sur’
Argentina and Brazil are preparing a joint venture to establish a shared common currency to remove reliance on US Dollar.
More Brazil Crypto News Headlines
CBDCs
G7 economies move into development stage of CBDCs
Adoption
Brazilians are turning to stablecoins to protect savings from inflation
Tokenization
Brazil Fan Token drops 50% fall in hours after the Croatia World Cup loss
Adoption