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Central Bank of Brazil: CBDC Privacy Problem Still Unresolved

Central Bank of Brazil: CBDC Privacy Problem Still UnresolvedIn a report detailing the outcome of the first phase of drex, the national CBDC pilot, the Central Bank of Brazil acknowledged that none of the anonymity and privacy solutions tested met the project’s needs. Central Bank of Brazil Still in Search of Privacy Solution for CBDC The pilot of the Brazilian central bank digital […]

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Yougov Poll Reveals Nearly 15% Would Switch Their Bank Accounts for Crypto in Brazil

Yougov Poll Reveals Nearly 15% Would Switch Their Bank Accounts for Crypto in BrazilAccording to David Eastman, Yougov’s managing director for Latin America, this shows the advance of crypto in Brazil and should serve as a wake-up call for banks. Yougov Poll Shows Some Users Would Substitute Banks With Crypto A recent survey conducted by Yougov, an international online research data firm, has given insights into the advancement […]

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BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial SystemsBRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance. BRICS Advances Alternative Payment Systems to Reduce Western Dependence BRICS nations are actively discussing the development of alternative payment platforms to reduce their dependence on American financial systems, Tass reported on Feb. 19, citing Russian Foreign Minister Sergey Lavrov. […]

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Brazil Leapfrogs US Greenlighting First XRP ETF

Brazil Leapfrogs US Greenlighting First XRP ETFThe CVM, Brazil’s Securities and Exchange Commission, has approved the Hashdex Nasdaq XRP Index Fund for trading. The ETF, which is now in its pre-operational phase, highlights the openness of the Brazilian market to these options. Brazil Approves World’s First XRP ETF The Brazilian cryptocurrency market has scored yet another milestone, offering investors the world’s […]

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Brazil Ditches BRICS Currency Plan, Favors Trade in National Currencies

Brazil Ditches BRICS Currency Plan, Favors Trade in National CurrenciesBrazil 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

Sam Altman’s World Halts Operations in Brazil: What’s HappeningWorld 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 […]

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

Latam Insights Encore: Brazil Lacks Leadership to Solve Its Crypto Alignment DilemmaWelcome 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 […]

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Largest Brazilian Stock Exchange to Expand Solana and Ether Investment Options

Largest Brazilian Stock Exchange to Expand Solana and Ether Investment OptionsThe 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 […]

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

Central Bank of Brazil Links Stablecoin Growth to Tax Evasion and Money LaunderingThe 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 […]

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

Latam Insights: Brazil to Empower Fund to Buy Crypto, Tether Talks Salvadoran SkyscraperWelcome 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 […]

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