Search
Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says
27.5.2023
The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will improve cooperation with its African counterpart....
Visa, Microsoft and others join Brazilian CBDC pilot
26.5.2023
Both national and global companies will take part in the upcoming pilot project of the Brazilian central bank digital currency
Brazilian Central Bank Reveals CBDC Pilot Partners – One Is a Major Crypto Player
26.5.2023
The Brazilian Central Bank has revealed the firms it will work on for its central bank digital currency (CBDC) pilot – and the list includes the crypto-keen neobank Nubank.
According to an official Central Bank release, the bank wants to "evaluate the benefits" of the prototype digital real using...
Report: Emerging Market Investors Dumping Dollar-Denominated Debt and Seeking Local Currency Bonds Instead
24.5.2023
Emerging markets investors are being attracted by local currency-denominated bond instruments while leaving dollar-denominated debt, according to data provided by EPFR Global, a fund flow and allocation data insights company. These markets have outperformed dollar-denominated debt due to...
Brazilian President Lula Ends Fuel Price Peg to the US Dollar, Announces Wholesale Discounts
18.5.2023
Brazilian President Luiz Inacio ‘Lula’ da Silva has announced that state oil company Petrobras will not be using US dollar-based international prices to set its internal fuel pricing structure. The “Brazilianization” of the industry determines discounts for distributors...
Brazilian Probe Unearths ‘Money Laundering’ at ‘Obscure’ Crypto Exchange – Militias Turning to Crypto?
11.5.2023
A notorious Brazilian militia group reportedly moved thousands of USD worth of money and coins through an “obscure” domestic crypto exchange.
Per reports from O Globo and Portal do Bitcoin, the Public Ministry of Rio de Janeiro (MPRJ) believes that the Tandera Militia “laundered money” through...
Brazilian Chess Competition to Hand Winners NFTs
10.5.2023
The organizers of a new Brazilian chess tournament say they will reward winners with non-fungible tokens (NFTs).
Per the Brazilian media outlet Livecoins, the event will be “nationwide” and has been organized by a fintech firm named Inkluziva.
The event will open to students “in the national...
Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals
5.5.2023
Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules to aid Argentina. Also, the two countries are negotiating...
Visa to Develop Brazilian Blockchain-powered CBDC Project
28.4.2023
The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil.
Per the Brazilian media outlet Livecoins, the firm was selected by the Brazilian central bank to “explore” “innovative” on blockchain technology-powered “usage cases” for the prototype...
Brazil’s President Lula Voices Support for BRICS Currency
27.4.2023
Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian...
Brazilian authorities investigate Binance for guiding clients past stop order: Report
20.4.2023
The Brazilian SEC has reportedly turned over screenshots from Binance's Brazilian website with instructions for evading a stop placed on futures trading on the site
Brazilian Police ‘Probe Binance over Derivatives Offerings’
20.4.2023
Binance could face punishment in Brazil for allegedly failing to respond to an order to stop selling crypto derivatives.
O Globo reported that the Federal Public Prosecutor’s Office and the Federal Police have launched an investigation into the exchange over “alleged financial crimes.”
The media...
Russian Foreign Minister Sergey Lavrov Explains ‘Multipolar’ World View in Brazil
19.4.2023
Sergey Lavrov, the Russian foreign minister, started his tour of Latin America on April 17, landing first in Brasilia to hold high-level talks with Brazilian President Luiz Inacio ‘Lula’ da Silva and Brazilian Foreign Minister Mauro Vieira. Lavrov insisted that Russia was building...
C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking
14.4.2023
On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more...
Brazilian Supermarket Bomber ‘Demanded BTC Ransom’
14.4.2023
A Brazilian barber has admitted to blowing up a supermarket and trying to blackmail its owner into paying a Bitcoin (BTC) ransom.
In an official police release, officers explained that the man demanded a BTC payment of just under $61,000.
The man, described as a 33-year-old barber with...
$178M Brazilian ‘Crypto Scam Ring’ Flees Abroad – Where Did Masterminds Go?
11.4.2023
The Brazilian operators of a suspected crypto scam reportedly fled the country just before the police launched a probe into the company behind the project.
Police think that the company raised some $178 million in investments from around 7,500 people.
The Brazilian media outlet Livecoins reported...
Brazilian Investment Bank BTG Pactual Brings Out Dollar-Backed Stablecoin
5.4.2023
BTG Pactual, one of Latin America's largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt
Suspected Brazilian Crypto Scam Firm Workers Caught on CCTV on Way to Empty HQ
31.3.2023
“Employees” at Brazilian company at center of crypto scam allegations have been filmed apparently on their way to remove evidence – under the cover of night.
The Brazilian media outlet Livecoins shared a video showing “at least two people” entering the company, Braiscompany. The offices have been...
Coinbase expands in the Brazilian market with Pix and Ebanx
22.3.2023
Coinbase has announced that it is expanding its presence in Brazil by integrating Pix and partnering with Ebanx. Coinbase already exists in Brazil, with several initiatives launched in the past. The development helps the venture better accomplish its mission of making the crypto economy accessible...
Coinbase teams up with Brazilian central bank’s Pix to offer expanded services
21.3.2023
Brazilians will have more options for trading in crypto and better customer service as the U.S.-based exchange partners with the popular instant payment app