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According to officials of the CVM, the Brazilian equivalent of the SEC, this number will be reached because of the crowdfunding rules that enable these processes to run as a sandbox in the Brazilian economy. Even with these figures, public companies are still barred from leveraging crowdfunding. Tokenization Grows Exponentially in Brazil, CVM Warns It … Read more
Brazil is rocketing into the future of finance as institutional tokenization explodes, with VERT Capital’s latest on-chain credit milestone on the XRP Ledger signaling that regulated digital assets are going mainstream across Latin America’s largest economy. Brazil’s Blockchain Finance Push Gains Steam With VERT Capital’s XRP Ledger Expansion Brazil’s growing adoption of blockchain-based credit instruments … Read more
Exchanges in Brazil have reported an increase in the adoption of stablecoins since the Financial Transaction Tax (IOF) more than tripled from 1.1% to 3.5%, affecting foreign payments and purchases of foreign currency in cash. Regulation that might plug this loophole is currently in the works. Stablecoin Adoption in Brazil Explodes to Avoid Financial Transaction … Read more
OranjeBTC’s share price in Brazil has plunged, failing to attract crypto‑savvy investors. Nonetheless, the company has doubled down on its bitcoin strategy, recently adding 16 BTC to its strategic reserve. OranjeBTC Fails to Take Flight, Acquires More Bitcoin The Facts: OranjeBTC, the first “pure” bitcoin reserve company in Brazil and Latin America, has failed to … Read more
The Provisional Measure that terminated tax exemptions for small crypto holders was defeated in Congress, being withdrawn from the discussion agenda with 251 votes. President Lula labeled this development as an “imposed defeat to the Brazilian people,” while local crypto groups applauded the outcome. Brazil Defeats Crypto Tax Measure in Congress The crypto industry in … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition: we examine the astounding growth of crypto in Brazil and how adoption is outpacing the government. Latam Insights Encore: Brazil’s Crypto Adoption Is Leaving Its Government Behind Brazil, one of the … Read more
OranjeBTC, which became the largest bitcoin reserve company in Latam, is set to debut on Brazil’s B3 on Oct. 7. The corporation, which will streamline its listing through a reverse IPO, aims to lead institutional investors’ shift into BTC. OranjeBTC to Debut as Largest Bitcoin Treasury Company in Brazil and Latin America Startups from all … Read more
Fernando Haddad, Brazil’s finance minister, said the objective of Drex, the country’s CBDC, is to increase transparency of flows and facilitate financial transactions. Haddad denied that the government would seek to exert control or monitor payments using the tool. Brazil’s CBDC Does Not Seek Control, Finance Minister States Fernando Haddad, Brazil’s finance minister, shared his … Read more
Russia and Brazil are aligning strategies across BRICS, the UN, and G20 to expand emerging economies’ influence, reshape global governance, and deepen their strategic partnership worldwide. Russia and Brazil Build Coordinated Front to Reshape UN, BRICS, and G20 Flow BRICS, the United Nations (UN), and the Group of 20 (G20) were central to discussions between … Read more
OranjeBTC, a bitcoin‑treasury company based in Brazil, revealed it acquired 3,650 BTC and plans to go public via a reverse IPO in October. With the acquisition, OranjeBTC surpasses Meliuz as the largest bitcoin‑treasury company in the country and region. OranjeBTC Surges as the Largest Bitcoin Treasury Company in Brazil and Latin America More companies are … Read more
