Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency

October 27, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil declares the necessity of creating a BRICS-centric financial system, President Javier Milei axes the tax collection agency in Argentina, and crypto volumes spike in Brazil. Brazil Calls for Unified BRICS Financial System, […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Russia Drives Dedollarization Forward With BRICS — Brazil Now Leads Next Steps

October 27, 2024 Bitcoin.com

bitcoin.com

Russia’s push for BRICS to abandon the U.S. dollar has reached critical milestones, with formalized agreements and functioning alternatives to Western financial systems now in place. BRICS Pushes Dedollarization and Financial Autonomy Forward At the recent BRICS summit in Kazan, Russian Deputy Foreign Minister Sergey Ryabkov announced that Russia’s presidency of BRICS had reached critical […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Brazil Calls for Unified BRICS Financial System, Challenging Western Hegemony

October 24, 2024 Bitcoin.com

bitcoin.com

Brazilian President Luiz Inacio Lula da Silva has urged the creation of a unified financial system among BRICS nations. He emphasized the need for alternative monetary relations. Egyptian President Abdel Fattah el-Sisi echoed this sentiment, advocating for financial settlements in national currencies, stressing cooperation within BRICS. Lula Champions Unified BRICS Financial System Brazilian President Luiz […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil

October 22, 2024 Bitcoin.com

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The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant, with Tether’s USDT leading the charge. The leading stablecoin registered volumes of $27.4 […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization

October 21, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect the trading framework of the entire bloc. Latam Insights Encore: Brazil Called to Lead […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Millions Already Hold This Latam-Based Dollar Pegged Stablecoin

October 21, 2024 Bitcoin.com

bitcoin.com

Mercado Libre, the Latin American e-commerce and financial services giant, has reached a milestone with meli dolar, an in-house distributed dollar-pegged stablecoin. The token, launched in August, is now in millions of wallets, according to Ignacio Estivariz, VP of Fintech Services at Mercado Libre. “We already have millions of users who have received meli dolar […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Latam Insights: Brazil Pushes BRICS Away From the US Dollar, Bitcoin Adoption Falters in El Salvador

October 21, 2024 Bitcoin.com

Adoption

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve legal status in Argentina. Brazil Pushes BRICS to Shift From […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Ripple CEO Praises the State of Cryptocurrency Regulation in Brazil

October 19, 2024 Bitcoin.com

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Brad Garlinghouse, CEO of Ripple, a payments and cryptocurrency service provider, has praised the state of cryptocurrency regulation in Brazil, one of the largest crypto markets in Latam. In an interview with Valor Economico, Garlinghouse highlighted the central bank’s work to make Brazil an enticing destiny for crypto companies. “Brazil is one of the fastest-growing […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Tokenization and Stablecoins Close to Being Regulated in This Latam Giant

October 18, 2024 Bitcoin.com

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The President of the Central Bank of the Latin American giant announced plans to expedite the regulation of asset tokenization and stablecoins by 2025. The bank will issue a new consultation this month to gather more input on the rules for approving VASPs’ operations in the country. Central Bank of Brazil to Expedite Asset Tokenization […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

October 17, 2024 Bitcoin.com

bitcoin.com

Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims to advance this initiative during its 2025 chairmanship, […]

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