Brazil Ditches BRICS Currency Plan, Favors Trade in National Currencies

February 17, 2025 Bitcoin.com

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Brazil has reportedly decided against pursuing a common currency for the BRICS nations during its presidency this year. Instead, the focus will be on facilitating trade in local currencies, a move that’s been met with warnings from U.S. President Donald Trump about challenging the U.S. dollar’s dominance. The BRICS bloc has been exploring alternatives to […]

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Sam Altman’s World Halts Operations in Brazil: What’s Happening

February 13, 2025 Bitcoin.com

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World is pausing its operations in Brazil after an appeal to continue collecting citizens’ biometric data failed. The national watchdog ordered the project to cease exchanging crypto for this data, and World will need to pause its operations in order to adapt to this decision. World Pauses Operations in Brazil to Adapt to National Data […]

Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule

Latam Insights Encore: Brazil Lacks Leadership to Solve Its Crypto Alignment Dilemma

February 10, 2025 Bitcoin.com

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Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how the Brazilian government is divided regarding crypto, and how this might affect the growth of its crypto economy. Latam Insights Encore: Brazil, Still Not a Pro Crypto Country Brazil, one […]

Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule

Largest Brazilian Stock Exchange to Expand Solana and Ether Investment Options

February 10, 2025 Bitcoin.com

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The B3 Stock Exchange announced that it will expand its cryptocurrency offering this year, opening options for users to invest in solana and ether. Brazilian Stock Exchange to Launch Ether and Solana Futures This Year B3, the largest Brazilian stock exchange, has offered an update on its plans to offer investment products involving a larger […]

Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule

Central Bank of Brazil Links Stablecoin Growth to Tax Evasion and Money Laundering

February 10, 2025 Bitcoin.com

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The new president of the Central Bank of Brazil has linked the rapid growth of stablecoins with tax evasion and money laundering. He remarked that individuals use these tools for cross-border payments to maintain an “opaque vision for taxation or money laundering.” Central Bank of Brazil States Stablecoin Volumes Linked to Tax Evasion and Money […]

Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule

Latam Insights: Brazil to Empower Fund to Buy Crypto, Tether Talks Salvadoran Skyscraper

February 9, 2025 Bitcoin.com

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Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, a Brazilian lawmaker introduces a bill to allow funds to purchase crypto, Tether details its Salvadoran skyscraper move, and crypto remittance volumes remain marginal in El Salvador. Brazilian Lawmaker Proposes […]

Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule

Brazilian Lawmaker Proposes Bill to Allow Investment Funds to Buy Crypto

February 7, 2025 Bitcoin.com

Bitcoin (BTC)

Brazilian lawmaker Adriana Ventura has introduced a draft bill that would allow investment funds in Brazil to invest in crypto, including bitcoin. Draft Bill Could Let Brazilian Funds Invest in Crypto Brazilian investment funds may soon gain regulatory approval to buy cryptocurrencies, thanks to a new draft bill introduced by São Paulo MP Adriana Ventura. […]

Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule

Brazilian Authorities Suspend Sam Altman’s World Rewards

January 27, 2025 Bitcoin.com

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The National Data Protection Authority (ANPD), Brazil’s data watchdog, has barred World, Sam Altman’s digital ID project, from offering rewards to users who enroll in its platform. Brazilian Authorities Ban World Crypto Rewards Program Sam Altman’s World, the proof-of-humanity biometric ID project, is embroiled in a battle against Brazilian authorities. The National Data Protection Authority […]

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Brazilian Oil Giant Petrobras Starts Looking Into Bitcoin Mining

January 23, 2025 Bitcoin.com

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Petrobras is interested in bitcoin mining as a complementary activity. Marcelo Curi, a blockchain and crypto architect at Petrobras, has stated that the company is researching this and other Web3 applications to reduce carbon emissions. Brazilian State-Owned Company Petrobras Researches Bitcoin Mining Integration Bitcoin mining is starting to be considered by large oil companies in […]

Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule

Brazilian Data Protection Agency Reveals Investigation Into Iris Scanning World Project

January 21, 2025 Bitcoin.com

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A note issued by the National Data Protection Authority, Brazil’s data protection institution, has announced that it is actively monitoring the activities of World, the project previously known as Worldcoin, in the country. Given the risks associated with processing biometric data, the authority has requested information on the tasks performed by the company. World Faces […]

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