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.
Zeynep Geylan 1 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
G7 economies move into development stage of CBDCs
G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.
Adoption
Brazilians are turning to stablecoins to protect savings from inflation
The Brazilian Real continues to struggle to hold its value against inflation, prompting Brazilians to turn to stablecoins.
Latest Brazil Crypto News & Analysis
Tokenization
Brazil Fan Token drops 50% fall in hours after the Croatia World Cup loss
BFT was launched by Brazil's government and football federation on August 25, 2021, offering special privileged experiences to investors and sports fans.
Adoption
Brazil approves cryptocurrency bill recognizing Bitcoin as a payment method
Brazilian lawmakers took a huge step forward for Bitcoin adoption by approving a framework bill recognizing digital assets as an investment class.
Adoption
Hoskinson predicts more crypto adoption as sovereign currencies fail
A recent Chainalysis report noted that crypto adoption in South America had grown by 40% within the last year.
Crypto
CryptoSlate Wrapped Daily: EU readying regulations on DeFi; Bitcoin mining difficulty reaches new ATH
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.
Scams
Brazil police, US authorities bust transnational crypto fraud ring led by ‘Bitcoin Sheikh’
Brazil's Federal Police busted the "Bitcoin Sheikh" for defrauding thousands of people worldwide and laundering $766 million illicit crypto funds.
Investments
Despite market downturn, US sees 44% increase in retail crypto investors
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.
