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Brazilian bank suspends native crypto token trading following 97% price drop
11.9.2024
Nubank suspends trading of its native token, offering users the option to convert holdings to Bitcoin or USDC by Dec. 9
Brazilian Tax Watchdog Uses AI Tool to Identify Operations Linked to Over $180 Million in Crypto-Related Tax Fraud
10.9.2024
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved...
Brazilian Supreme Court Bans X, Imposes Fines for VPN Circumvention
1.9.2024
The Brazilian Supreme Court ordered a nationwide ban on X after a prior order mandating the social platform to assign a local representative was ignored. Brazilians began to lose access to the site on Saturday, as the Supreme Court prohibited citizens from using virtual private network (VPN)...
Brazilian judge suspends X after Elon Musk refuses to name representative
30.8.2024
Supreme Court Justice Alexandre de Moraes began investigating the spread of misinformation during the government of former Brazilian President Jair Bolsonaro
Brazilian judge suspends X after Elon Musk refuses to name representative
30.8.2024
Supreme Court Justice Alexandre de Moraes began investigating the spread of misinformation during the government of former Brazilian President Jair Bolsonaro
First Solana Spot ETF Raises $2.75 Million on Brazilian Stock Exchange
30.8.2024
On Thursday, the first Solana spot exchange-traded fund (ETF) product raised over $2.75 million during its public offering on B3, the Brazilian stock exchange. The product, previously approved for trading by the Brazilian securities regulator (CVM), is offered by QR Asset, which also has...
BlackRock Lists Ethereum ETF on the Brazilian Stock Exchange
27.8.2024
The company earlier this year listed its iShares Bitcoin Trust ETF in the South American country
Brazilian Securities Regulator Greenlights Second Solana Spot ETF
23.8.2024
The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly...
Brazilian Judge Ends Inquiry Into Bitcoin Ponzi Scheme Mastermind’s Death
17.8.2024
A Brazilian federal judge has ordered criminal charges against Johann Steynberg, the late CEO of the bitcoin trading platform Mirror Trading International (MTI), to be dropped after a police investigation confirmed reports of his death. The order was handed down by Judge Silvio Gemaque, who said...
Binance reaches $1.7M agreement with Brazilian securities regulator
14.8.2024
Brazil’s CVM issued a warning to the crypto exchange in 2020 that it was offering residents derivatives products without authorization
Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering
14.8.2024
The Latin American country's agency had rejected Binance’s previous proposal, made in August 2023, to end an investigation into its derivatives products
Brazilian Crypto Exchange Mercado Bitcoin Launches Flexible Crypto Collateralized Loans
14.8.2024
Mercado Bitcoin, one of the largest Brazil-based cryptocurrency exchanges, has launched a loan product allowing users to receive credit in Brazilian reais secured by crypto collateral. The credits will be limited to 30% of the total held in crypto in the exchange, and liquidations will not...
Brazilian Regulator Approves Solana Spot ETF
9.8.2024
The Brazilian securities regulator (CVM), equivalent to the U.S. SEC, has greenlighted the launch of a solana spot ETF for national markets. The product, the first of its kind to be approved, is offered by QR and managed by Vortx. It is already in its pre-trading stages. Brazilian SEC Pioneers...
Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang
7.8.2024
The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto exchange, the police said on X (formerly Twitter) on Tuesday
Brazilian Securities Regulator CVM Initiates Inquiry Into Tokenization Operations
7.8.2024
The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting...
Fintech Company Tecban Pilots Tokenization Platform for Brazil’s Drex CBDC
27.7.2024
Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot. The platform will be launched...
Brazilian Stock Exchange B3 Mulls Offering Ether Futures
26.6.2024
B3, the Brazilian stock exchange, is considering extending its native cryptocurrency trading options to offer ether futures contracts to its customers. The exchange, which has been a pioneer in Latam offering crypto-related trading products, would be focusing on institutional investors who want...
Parfin Creates New Blockchain to Be Used as Privacy Solution for Brazilian CBDC
23.6.2024
Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the possibility of operating in a permissioned way and also linking itself to other public blockchains using Rayls Public...
Brazil’s tax dept to summon info from foreign crypto exchanges: Report
19.6.2024
The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax
North Korean cyberattacks on Brazilian fintech firms exposed
13.6.2024
Google Cloud’s report exposes North Korean cybercriminals targeting Brazil’s cryptocurrency and fintech sectors with sophisticated malware and phishing schemes