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Chainlink, Microsoft, Banco Inter collaborate on Brazil’s CBDC pilot
19.11.2024
The Drex phase two pilot leverages Chainlink’s CCIP and Microsoft’s cloud infrastructure to innovate trade finance automation
World Lands in Brazil: Launching Biometric Operations in São Paulo
14.11.2024
World, the biometric proof-of-humanness-based project, has finally landed in Brazil and is expected to start operating in the country this week. According to local media, World will initially commence operations in ten different locations in São Paulo, allowing users to register in the network....
How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
13.11.2024
Hyla Fund Management wants to become the Goldman Sachs of crypto. The firm plans on launching a new Latin America crypto fund as part of its strategy
Brazil Prepares to Let Tradfi Institutions Embrace Crypto
13.11.2024
The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation...
Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start
5.11.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the Central Bank of Brazil has proposed a tax on the use of stablecoins for making remittances and how this might drive retail users away...
Latam Insights: Salvadoran Bitcoin Visa Program Fails; Brazil Floats Tax on Stablecoin Remittances
4.11.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, a public records inquiry reveals contradictions in the reported results for ‘Adopting El Salvador,’ Brazil mulls taxing stablecoin remittances...
3 Central Banks Forge New Path in Cross-Border Digital Asset Innovation
2.11.2024
New partnerships between central banks target digital currency integration to streamline tokenized cross-border transactions and modernize the global financial infrastructure. Cross-Border Finance Revolution: Three Nations Pioneer Digital Asset Integration The Hong Kong Monetary Authority (HKMA)...
Brazilian Central Bank Considers Taxing Stablecoin Remittances
31.10.2024
The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank of Brazil Explores Tax on Stablecoin-Based...
Brazil’s crypto imports surged 40% in September
29.10.2024
Brazil continues to see an increase in crypto activity as digital asset imports reach $1.4 billion in September
Brazil’s crypto imports surged 40% in September
29.10.2024
Brazil continues to see an increase in crypto activity as digital asset imports reach $1.4 billion in September
Latam Insights Encore: Brazil’s Determination to Build a New Financial System Will Guide BRICS Toward a Common Currency Agreement
28.10.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how Brazil’s firm determination to push the world toward a multipolar financial system can pay off in the long term. As the next...
HKMA Project Ensemble partners with Brazil, Thailand for tokenization
28.10.2024
The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating.
Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency
27.10.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil declares the necessity of creating a BRICS-centric financial system, President Javier Milei axes the tax collection agency in Argentina, and crypto...
Russia Drives Dedollarization Forward With BRICS — Brazil Now Leads Next Steps
27.10.2024
Russia’s push for BRICS to abandon the U.S. dollar has reached critical milestones, with formalized agreements and functioning alternatives to Western financial systems now in place. BRICS Pushes Dedollarization and Financial Autonomy Forward At the recent BRICS summit in Kazan, Russian Deputy...
Central Bank of Brazil Highlights Tokenization Potential Before IMF and World Bank
26.10.2024
The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central...
Brazil Calls for Unified BRICS Financial System, Challenging Western Hegemony
24.10.2024
Brazilian President Luiz Inacio Lula da Silva has urged the creation of a unified financial system among BRICS nations. He emphasized the need for alternative monetary relations. Egyptian President Abdel Fattah el-Sisi echoed this sentiment, advocating for financial settlements in national...
International agencies report on tokenization to G20 officials
22.10.2024
The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges
Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil
22.10.2024
The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant...
Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization
22.10.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect the trading framework of the entire...
Millions Already Hold This Latam-Based Dollar Pegged Stablecoin
21.10.2024
Mercado Libre, the Latin American e-commerce and financial services giant, has reached a milestone with meli dolar, an in-house distributed dollar-pegged stablecoin. The token, launched in August, is now in millions of wallets, according to Ignacio Estivariz, VP of Fintech Services at Mercado...