Brazil

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BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

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BRICS 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. … Read more

Brazil Leapfrogs US Greenlighting First XRP ETF

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The 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 … Read more

Brazil Ditches BRICS Currency Plan, Favors Trade in National Currencies

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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 … Read more

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

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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 … Read more

Largest Brazilian Stock Exchange to Expand Solana and Ether Investment Options

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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 … Read more

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

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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 … Read more

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

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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 … Read more

Brazilian Lawmaker Proposes Bill to Allow Investment Funds to Buy Crypto

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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. … Read more

Brazilian Authorities Suspend Sam Altman’s World Rewards

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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 … Read more