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Brazilian Crypto Industry Takes Action to Avoid Tax Obliteration
18.8.2025
The cryptocurrency industry is mobilizing in Brazil to shut down the Provisional Measure that expands the crypto income tax for all users. Analysts agree that if enacted, this measure would hinder adoption and divert crypto activity to decentralized platforms. Brazil Faces Crypto’s Breaking...
Brazilian Drex CBDC Drops Blockchain to Launch Next Year
9.8.2025
According to local media reports, the Brazilian central bank had to abandon the decentralized element of the CBDC to deliver a solution in 2026, in part due to the immaturity of the privacy solutions presented. Brazilian CBDC to Ditch Blockchain in Effort to Launch in 2026 The Central Bank...
Brazilian Lawmakers to Discuss Strategic Bitcoin Reserve Bill
7.8.2025
The lower chamber of the Brazilian Congress will discuss an initiative proposing to invest 5% of all foreign reserves in bitcoin, creating a national Strategic Bitcoin Reserve to diversify exposure to international fiat currencies. The central bank would provide custody for these assets. Brazilian...
Brazilian Congress to Debate Lula-Imposed Crypto Tax Scheme
24.7.2025
The Brazilian Congress is set to debate the legality of a new cryptocurrency taxation scheme imposed by President Lula, which eliminated the income tax exemption for minor trading operations and targeted decentralized finance activities through a Provisional Measure that took effect in June....
Trump Administration Imposes 50% Tariff on Brazilian Imports
10.7.2025
Trump noted that the new 50% tariff on Brazilian imports was justified due to the unfair treatment of former President Jair Bolsonaro and the censorship orders issued by Brazil’s courts on social media platforms. In response, Lula stated that these measures would be met with reciprocity....
Brazilian President Lula Proposes BRICS Develop New Trade Currency
6.7.2025
Lula proposed this new BRICS currency in the context of a world that must embrace free trade and multilateralism. The Brazilian leader acknowledged that the proposal presents several challenges but emphasized that it is necessary for the benefit of humanity. Lula: Development of New BRICS Trade...
$180 Million Hacked From Brazilian Banking System: Attackers Cashed out Using Crypto
3.7.2025
According to local media, this may be the largest hack ever perpetrated against the Brazilian banking system. Attackers leveraged USDT and bitcoin to cash out through exchanges and crypto institutions, using instant payment systems such as Pix. Brazilian Banking System Exploited: Attackers Cash...
Brazilian Government Opens Contract to Monitor Cryptocurrency Transactions
20.6.2025
Brazilian authorities are seeking a software solution that allows them to track the locations and movements of various cryptocurrency projects nationwide. The objective of this proposal is to enhance the state’s capabilities in combating cryptocurrency-related crime. Brazilian Authorities Open...
Brazilian Authorities Terminate Exemptions, Aims to Tax Crypto Held in Self Custody
13.6.2025
Brazilian authorities issued a Provisional Measure that terminates the previous tax regime and introduces a new ruleset to tax all crypto-derived profits. The new rule also states that these measures apply to crypto held in self-custody wallets and digital assets held abroad. Brazilian Government...
Brazilian Firm Meliuz's Shares Fall After Planning to Raise $32.4M to Buy Bitcoin
13.6.2025
The fintech company strengthened its crypto strategy with a discounted share offering and a bitcoin acquisition plan
Brazilian Party Proposes Bill to Restrict Bitcoin Mining and Tax Trading Activities
12.6.2025
A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed traders and establishes a daily tax on these activities. Lula’s Party Bill to Establish...
Crypto Payments Firm RedotPay Enlists Circle Payment Network in Brazil
2.6.2025
The CPN collaboration means RedotPay users can now send cryptocurrency directly to Brazilian bank accounts
Brazilian Fintech Firm Méliuz Plans $78M Equity Offering to Buy Bitcoin, Shares Plunge
31.5.2025
The offering includes free subscription warrants and aims to position bitcoin as a primary strategic asset in Méliuz’s treasury
Brazilian Financial Institution Braza Group Launches Dollar Stablecoin on XRP Ledger
23.5.2025
Braza Group, one of the largest financial groups in Brazil, unveiled USDB, a dollar-pegged stablecoin issued on top of the XRP Ledger. Currently available to its institutional customers, the token will be available for regular customers through the group’s app starting in May. Braza Group Targets...
Binance Integrates With Brazilian National Payments System Using Pix
22.5.2025
Binance announced that its customers in Brazil will be able to make payments using their cryptocurrency balances at millions of businesses through the Pix system. This development increases the usability of crypto in the country, allowing users to save and spend directly in crypto. Binance...
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...