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The bank announced that it is considering making Pix, a Brazilian instant payment network, available to other countries, allowing cross-border payments and remittances using this system. The U.S. government has criticized Pix’s format, as it puts private alternatives at a disadvantage. Key Takeaways: Brazil’s Central Bank plans to launch International Pix to connect its 175M … Read more
The recent attacks on the Pix system by the U.S. government evolved into a situation that might tilt the balance toward any of the candidates before the upcoming election, with President Lula leading in prediction markets by a slim margin. Pix Gets Into Political Commentary In Brazil As Elections Loom Pix, one of the largest … Read more
The New York-based infrastructure firm OpenFX has secured $94 million in Series A funding to expand its real-time stablecoin settlement rails across global markets. OpenFX announced on March 31, 2026, that it raised $94 million in Series A funding led by investors including Accel, Atomico, and Pantera. Founded in 2024, the company utilizes stablecoins as … Read more
Mercado Libre is shutting down mercado coin, its Brazil-based cryptocurrency loyalty token, effective April 17, 2026, nearly four years after the company launched it as a cashback reward inside its e-commerce and payments platform. Mercado Coin Is Being Discontinued The company notified users through the Mercado Pago digital wallet app and email. No public statement … Read more
A measure would seek to smooth things over in Congress as President Luiz Inácio Lula da Silva shifts gears in anticipation of the upcoming elections. Dario Durigan, the recently confirmed Economy Minister, will focus on other issues to avoid losing further support from lawmakers. Crypto Taxation Plans Delayed as Lula Shifts Into Election Mode While … Read more
Ripple accelerates a sweeping expansion across Brazil’s financial system, positioning itself at the center of institutional crypto infrastructure as demand surges for faster payments, tokenization, and dollar-backed assets in Latin America. Ripple Deepens Brazil Push With Full-Stack Crypto Platform and License Bid A major expansion in Latin America’s digital asset infrastructure is underway as Ripple … Read more
Betting companies have reportedly asked regulators to pause the operations of prediction market platforms, such as Polymarket and Kalshi, in Brazil. The betting lobby argues that prediction market contracts constitute bets and should be blocked, as these platforms are unlicensed in the country. Betting Lobby Attacks Prediction Markets in Brazil Betting companies have taken action … Read more
After President Lula proposed a ban on online betting platforms in Brazil, as the country faces a gambling epidemic, unregulated prediction markets may be hurt. Analysts agree that these platforms operate in a “gray area” as there is no specific law overseeing them. Lula’s Proposed Ban on Online Casinos Might Hurt the Incipient Prediction Market … Read more
Customers of Clear, a brand of the XP Group, who hold an international investment account, will be able to participate in regulated prediction markets. XP is the first company to bring regulated prediction markets outside the U.S., with a focus on financial and economic events. Kalshi Partners With XP to Bring Regulated Prediction Markets to … Read more
The crypto faction in the Brazilian Congress is expecting the issuance of a decree to establish a 3.5% tax on stablecoin transactions to file a draft bill and block this initiative. The Parliamentary Front for the Free Market argues that the measure would constitute an overreach of the Executive branch. Brazil’s Crypto Faction Vows To … Read more