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Crypto Exchanges Helping Brazilian Flood Victims


Several cryptocurrency firms are stepping up to support flood victims in Southern Brazil. For example, Okx has partnered with Brazilian cryptocurrency exchange Foxbit to match donations of up to $10,000 to the “Ajude o Rio Grande do Sul” emergency campaign, channeling funds...

Citi: Brazil Is at the Top of Digital Money Initiatives in Latam


A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of digital money such as government support and digital...

Brazilian Megabank Nubank Launches BTC, ETH, SOL Withdrawals


The Brazilian megabank Nubank is launching withdrawal services for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), in the latest bullish move from the neobank. The post Brazilian Megabank Nubank Launches BTC, ETH, SOL Withdrawals appeared first on Cryptonews

Brazilian BV Bank Tests Tokenized Model for Vehicle Sales


BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including the delivery of tokenized money in exchange for...

Brazil Eyes Crypto Taxation Changes in New Bill


Brazil is on the verge of presenting a new crypto taxation scheme proposed in a bill to be presented to the National Congress in the coming days. The bill proposes taxing cryptocurrencies the same way as shares and capital instruments with fluctuating exchange rates, instead of categorizing them...

Banco Do Brasil to Test Offline Payments in Brazilian CBDC Pilot


Banco Do Brasil, a bank owned in its majority by the Brazilian state, and Giesecke+Devrient, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access...

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