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Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud

Latam Insights: Brazilian Federal Police Cracks Down on .7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax FraudWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: […]

Telegram is becoming a one-stop app like China’s WeChat — Bitget CEO

Latam’s Fintech Giant Nubank Ends Nucoin Trading

Latam’s Fintech Giant Nubank Ends Nucoin TradingNubank, one of the biggest neobanks in Latan, announced on Tuesday that it would terminate the trading of its nucoin cryptocurrency as it turns to use it as part of an internal rewards and benefits program for its clients. Users will have the choice of exchanging it for bitcoin or stablecoins before December 9. Nubank […]

Telegram is becoming a one-stop app like China’s WeChat — Bitget CEO

Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty Program

Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty ProgramNubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be issued on top of Ethereum with the help of Polygon, a second layer that allows users and developers to take advantage of lower fees, and […]

Telegram is becoming a one-stop app like China’s WeChat — Bitget CEO