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Latam Insights: Strategy Rises in Brazil; El Salvador Continues to Buy Bitcoin
4.5.2025
Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Oranje rises as Latam’s Strategy’s copycat, El Salvador will continue to buy bitcoin despite the IMF’s deal, and Brazil cracks down on a $290 million...
Operation Fantasos: Brazil Cracks Down on Remnants of $290M Crypto Ponzi Scheme
2.5.2025
The Brazilian Federal Police carried out Operation Fantasos, with more than 50 officers executing 11 search and seizure warrants in various locations across Rio de Janeiro. The mastermind behind these activities was extradited from Switzerland to the U.S. in February. Operation Fantasos Targets...
Latam’s Strategy Rises: Oranje Aims to Invest More Than $200 Million in Bitcoin
29.4.2025
Oranje, which is receiving advice from Itau BBA, Itau’s investment bank, aims to mimic the moves of Michael Saylor’s Strategy in Brazil and Latin America. The company was founded by crypto industry heavyweights Guilherme Gomes, formerly of Swan Bitcoin, and Guilherme Ferreira, president of Bahema....
Latam Insights Encore: How XRP’s Latam Takeover Might Start From Brazil
29.4.2025
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the recently approved XRP ETF might be the starting point for a larger participation of Ripple in Latin America. Latam Insights Encore: XRP...
Latam Insights: XRP ETF Debuts in Brazil, Argentina Keeps Trumping the Dollar
28.4.2025
Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the first XRP ETF debuts in Brazil, Argentina keeps winning the dollar battle, and experts warn about an energy collapse in Paraguay due to bitcoin...
XRP ETF Launches in Brazil, Securing Regulated XRP Access for Investors
27.4.2025
An XRP ETF has launched in Brazil, expanding regulated crypto investment and supporting XRP’s global adoption. Hashdex’s XRP ETF Debuts Global crypto asset manager Hashdex announced on April 25 via social media platform X the launch of XRPH11, which it described as “the world’s first XRP ETF”...
Leaders of $190M Brazilian Crypto Ponzi Scheme Sentenced to Over 170 Years in Prison
18.4.2025
The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them
Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison
18.4.2025
The Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified as the main operator of Braiscompany, a Brazilian crypto scheme that raised over $100 million from nearly 20,000 investors. Brazilian Crypto Ponzi Scheme Operators...
Brazil’s Meliuz floats to boost Bitcoin buying strategy
16.4.2025
Brazilian fintech firm Meliuz has floated a plan to expand its Bitcoin holdings and make the cryptocurrency a strategic asset on the company’s books.Meliuz, which provides cashback and financial technology services, is taking the plan to make Bitcoin (BTC) the primary strategic asset in...
Brazil’s Meliuz floats to boost Bitcoin buying strategy
16.4.2025
Brazilian fintech firm Meliuz has floated a plan to expand its Bitcoin holdings and make the cryptocurrency a strategic asset on the company’s books.Meliuz, which provides cashback and financial technology services, is taking the plan to make Bitcoin (BTC) the primary strategic asset in...
Seizable? Indeed! Crypto Is Now Closer to Functioning as Money in Brazil
14.4.2025
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how an unfortunate ruling has brought cryptocurrency closer to being considered money in Brazil, making it seizable for settling debts. Latam Insights...
Latam Insights: Argentine Congress Takes Aim at Libra, Crypto Now Seizable in Brazil
14.4.2025
Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the Argentine lower chamber will investigate Libra’s launch, cryptocurrency can now be legally seized in Brazil, and the Brazilian CBDC...
Brazilian Drex Hits Privacy Roadblock as Support From External Partners Wanes
11.4.2025
Local media reports that several companies, including Microsoft and EY, have reduced the number of employees working on drex-related solutions. This reduction is due to the central bank’s lack of support for these initiatives during the second phase of the CBDC pilot. Brazilian CBDC Pilot...
Latam Insights Encore: Brazil Fights a Pointless War Against Stablecoins
9.4.2025
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the Brazilian government’s proposed ruleset that would outlaw stablecoin self-custody is pointless, as Brazilians will find a way to sidestep...
Historic: Cryptocurrency Assets Are Now Legally Seizable in Brazil
7.4.2025
In a historic decision, the National High Court of Brazil decided that when funds are not available for seizure in the banking system, judges can directly send letters to cryptocurrency exchanges to investigate if debtors have crypto and seize it. National High Court of Brazil Establishes...
Latam Insights: Largest Latam Bank Mulls Stablecoin, Brazil Bans Retirement Funds From Investing in Crypto
7.4.2025
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Itau reveals it is considering launching its own stablecoin, Brazil bans retirement funds from investing in crypto, and also champions local...
A Thriller Gone Real: Alleged Scammer Kidnapped by Fake Police, Loses $50 Million
4.4.2025
An individual wanted by Interpol, lost $50 million in a kidnapping that involved drugs, fake police officers, and a daring escape in Brazil. Rodrigo Perez was kidnapped on March 24 by fake police officers who kept him drugged and handcuffed to a bed for five days. Fake Police Officers Kidnap...
Brazil’s Largest Bank Itaú Unibanco Mulls Its Own Stablecoin
3.4.2025
The bank’s decision will depend on regulatory developments in Brazil and the success of stablecoin rollouts by U.S. financial institutions
Largest Bank in Brazil Mulls Stablecoin, Awaits Regulation
3.4.2025
Itaú Unibanco, the largest banking institution in Brazil, is considering the issuance of a stablecoin, cautiously hoping to learn from the experiences of American banks and the final stablecoin regulations in the country. Itaú Unibanco Talks in-House Stablecoin, Regulation in Brazil Banks from...
BRICS Expands Currency Independence Plan as Brazil Champions Dollar-Free Deals
3.4.2025
Brazil backs BRICS’ push to trade in national currencies, urging reduced U.S. dollar reliance despite business preference for its liquidity and dominance in private transactions. BRICS Accelerates Local Currency Trade as Brazil Declares Full Support for Shift Brazil’s Finance Ministry...