Search
Brazil Committee Recommends Indicting Binance Officials, CZ
12.10.2023
A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can potentially affect the global crypto company’s...
Brazilian Congressional Committee Recommends Indictment of Binance CEO and Three Other Executives
11.10.2023
A Brazilian congressional committee has recommended the indictment of four Binance senior executives, including the company's CEO and founder Changpeng Zhao.
The committee, which had been investigating crypto-related Ponzi schemes in Brazil, has the authority to make suggestions, while...
Brazilian Congress puts Binance CEO CZ in crosshairs for indictment
11.10.2023
A congressional committee has recommended that Changpeng Zhao and three local Binance executives be indicted for fraud and other financial crimes
Brazilian Police Arrest ‘Gunpoint Crypto Thieves’
10.10.2023
Brazilian police officers and Interpol have swooped on a gang of suspected gun-toting crypto thieves, arresting seven people.
Per an official release from the Santa Catarina civil police force, officers were issued with eight arrest warrants and four “search and seize” permits last week.
They...
Brazilian securities regulator plans sandbox for tokenization in 2024
9.10.2023
Daniel Maeda with Brazil's CVM said during Rio Innovation Week the regulator plans to explore a regulatory sandbox for use cases of tokenization potentially starting in 2024
Brazilian CVM Resolution Comes Into Effect, Allowing Funds to Allocate Part of Their Portfolios Into Crypto
4.10.2023
The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with analysts predicting a rise...
Brazilian Military, Police, Civil Servants Face ‘Crypto Mining Ban’
28.9.2023
The Brazilian state of Santa Catarina has barred public officials, including police and military officers, from mining crypto.
In an updated set of rules for public sector workers, the state wrote that public officials, including members of the armed forces and civil servants, should “refrain”...
Brazilian lawmakers seek to add crypto to debtors’ protected assets list
20.9.2023
Cryptocurrencies may become a part of the personal savings category, protected from seizures on behalf of creditors
Crypto Startup Ramp Adds Brazilian Central Bank's Pix as Payment Method
14.9.2023
Adding Pix builds on Ramp's expansion to the South American country, where it opened a local entity in July in a bid for broader expansion throughout Latin America
‘Brazilian Crypto Scam Firm Donated $122k to Bolsonaro Election Campaign,’ Lawmakers Told
14.9.2023
An investor in a suspected Brazilian crypto pyramid has claimed the firm behind the “scam” donated over $122,000 to ex-President Jair Bolsonaro’s 2018 election campaign.
Per O Globo, the allegations came to light at a recent parliamentary hearing, as the nation’s lawmakers continue to investigate...
Binance Boosts Bitcoin, Ether Trading in Argentine, Brazilian, South African Currencies With Fee Promotion
7.9.2023
The crypto exchange's promotion comes as trading volumes plummet to four-year lows, hurting the revenue streams
Brazilian Football Legend Ronaldinho Denies Crypto Scam Accusations
1.9.2023
Retired Brazilian soccer star Ronaldinho Gaucho has denied accusations of involvement in a cryptocurrency pyramid scheme bearing his name.
On Thursday, the soccer star, whose real name is Ronaldo de Assis Moreira, appeared before a group of lawmakers at a congressional hearing to address these...
Brazilian crypto streamer loses $50K by accidentally exposing private key
1.9.2023
The risks of cryptocurrency self-custody are real and should not be underestimated as the private key can be stolen, destructed or lost
Brazilian Soccer Star Ronaldinho Fails to Turn Up at ‘Crypto Scam’ Hearing
28.8.2023
The Brazilian football (soccer) icon Ronaldinho has failed to show at a parliamentary hearing on crypto pyramids, and could face jail time if he refuses to attend another hearing later this month.
Per Sport.es and Livecoins, the Brazilian Chamber of Deputies’ Financial Pyramids Committee...
Brazil Proposes Plan to Settle Bilateral Trade With Argentina in Chinese Yuan
26.8.2023
The government of Brazil has formally presented a proposal to Argentina to settle bilateral trade transactions in the Chinese yuan. The proposal, which would leverage resources in the Chinese credit swap line, aims to maintain trade between the countries and secure the payment of Brazilian...
Brazil’s President Says BRICS Not Seeking to Counter US, G7, or G20 — Pushes for BRICS Currency
24.8.2023
Brazil’s President Luiz Inacio Lula da Silva has stated that the BRICS economic bloc does not want to be “a counterpoint to the G7, G20, or the United States,” emphasizing that the BRICS nations “just want to organize ourselves.” The Brazilian leader also pushed for “the creation of...
Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says
23.8.2023
The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As part of these efforts, the institution seeks to expand lending in local currencies, those of member states in particular, such the South...
Binance Pay revolutionizes Brazilian crypto payments
23.8.2023
Binance, a leading provider of blockchain and cryptocurrency technology, has recently released Binance Pay in Brazil. This new payment option offers exciting opportunities for local businesses to attract new customers, streamline their transactions, and minimize costs. Binance Pay, a cutting-edge...
Brazilian Police to Freeze Suspected Fraudsters’ Crypto Holdings
23.8.2023
Brazilian police have asked courts to freeze the crypto holdings of suspected electronics-trading fraudsters as part of a “mega operation.”
The Brazilian media outlet Livecoins reported that officers took part in an operation codenamed Spin-Off.
The operation involves the Federal Police and...
Central Bank of Brazil Rebrands CBDC to ‘Drex,’ Launch Expected by 2024
22.8.2023
The Central Bank of Brazil has issued a press release revealing details about “drex,” the Brazilian central bank digital currency (CBDC) formerly known as the digital real. The bank explained the need for a rebranding and detailed how it might revolutionize transactions with digital...