Search
Latam Insights: Argentina Controls Dollar Exchange Rate, Brazilian Ponzi Operator Gets 128-Year Sentence
20.4.2025
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 government manages to control the dollar’s exchange rate after lifting currency controls, the operator of a Brazilian...
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...
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...
Brazilian court authorizes crypto seizure for debt collection — Report
5.4.2025
Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment and a store of value.According to local media reports, the Third Panel...
Brazilian court authorizes crypto seizure for debt collection — Report
5.4.2025
Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment and a store of value.According to local media reports, the Third Panel...
Brazilian lawmaker introduces bill to regulate Bitcoin salaries
17.3.2025
Brazilian lawmakers are considering new legislation that would officially authorize employers to pay salaries to employees using cryptocurrencies like Bitcoin.Federal deputy Luiz Philippe de Orleans e Bragança has introduced a bill proposing regulation of crypto payments for wages...
Brazilian Meliuz Invests Over $4 Million in Bitcoin Following Strategy’s Playbook
11.3.2025
Meliuz founder and chairman Israel Salmen indicated that the company would use 10% of its cash flow to bitcoin in a bid to improve its profitability in the face of the Brazilian real’s loss of value and high inflation rates. Meliuz Rises as the First Company Implementing Strategy’s...
Brazilian Soccer Legend Ronaldinho Launches STAR10 Token
6.3.2025
Ronaldinho states that STAR10, a token named after his jersey number in soccer, is his new and official token, set to be launched on the BNB Chain. He has been involved in several crypto endeavors before and has even been questioned about his role in an alleged pyramid scheme that used his image...
Brazilian Fintech Méliuz to Allocate 10% of Cash Reserves to Bitcoin
6.3.2025
The company has already purchased $4.1 million worth of BTC as part of its long-term treasury strategy
Brazil approves first spot XRP ETF as local bank eyes stablecoin on XRPL
20.2.2025
The BBRL stablecoin will only be initially available to institutional clients but the bank has big ambitions for expansion
Largest Brazilian Stock Exchange to Expand Solana and Ether Investment Options
10.2.2025
The B3 Stock Exchange announced that it will expand its cryptocurrency offering this year, opening options for users to invest in solana and ether. Brazilian Stock Exchange to Launch Ether and Solana Futures This Year B3, the largest Brazilian stock exchange, has offered an update on its plans...
Brazilian Stock Exchange B3 Reportedly Launching Bitcoin Options, ETH and SOL Futures
8.2.2025
The move builds on its successful bitcoin futures trading and is set to strengthen Brazil’s cryptocurrency market
Brazilian Lawmaker Proposes Bill to Allow Investment Funds to Buy Crypto
7.2.2025
Brazilian lawmaker Adriana Ventura has introduced a draft bill that would allow investment funds in Brazil to invest in crypto, including bitcoin. Draft Bill Could Let Brazilian Funds Invest in Crypto Brazilian investment funds may soon gain regulatory approval to buy cryptocurrencies, thanks to...
Brazilian Authorities Suspend Sam Altman’s World Rewards
27.1.2025
The National Data Protection Authority (ANPD), Brazil’s data watchdog, has barred World, Sam Altman’s digital ID project, from offering rewards to users who enroll in its platform. Brazilian Authorities Ban World Crypto Rewards Program Sam Altman’s World, the proof-of-humanity...
Warren Buffett’s Berkshire Hathaway Increases Holdings in Brazilian Digital Bank Nubank
23.1.2025
Berkshire Hathaway has invested millions of dollars in Nubank, a Brazilian digital bank with its own crypto platform. Berkshire Shares in Nubank Rises to 0.4% Berkshire Hathaway’s stake in Nubank rose from 0.1% in Q4 2022 to 0.4% in Q3 2024, according to recent U.S. Securities and Exchange...
Brazilian Oil Giant Petrobras Starts Looking Into Bitcoin Mining
23.1.2025
Petrobras is interested in bitcoin mining as a complementary activity. Marcelo Curi, a blockchain and crypto architect at Petrobras, has stated that the company is researching this and other Web3 applications to reduce carbon emissions. Brazilian State-Owned Company Petrobras Researches Bitcoin...
Brazilian Data Protection Agency Reveals Investigation Into Iris Scanning World Project
21.1.2025
A note issued by the National Data Protection Authority, Brazil’s data protection institution, has announced that it is actively monitoring the activities of World, the project previously known as Worldcoin, in the country. Given the risks associated with processing biometric data,...
Brazilian Congresswoman Sounds Alarm on Drex CBDC Risks, Rejects Cash Elimination Bill
28.12.2024
Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final...
Brazil’s self-custodial stablecoin ban to catalyze decentralization
26.12.2024
Crypto execs are confident that it won’t be easy to enforce Brazil’s self-custodial stablecoin ban, with many examples proving that further decentralization is inevitable