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The Central Bank of Brazil published Resolution No. 561, which imposed a blanket ban on the use of cryptocurrency assets, such as bitcoin and stablecoins, for entities providing international payment and transfer services, limiting them to traditional payment rails. Central Bank of Brazil Issues Ban on Crypto Utilization As Part of Regulated Cross-Border Settlement System … Read more
Brazilian stock exchange B3 is launching six “Event Contracts” today, including instruments tied to bitcoin price movements. The country’s first federally regulated prediction market comes three days after the National Monetary Council prohibited derivatives based on sports, political, and entertainment events, while explicitly preserving the financial-asset category B3’s contracts fall under. Key Takeaways: B3 launches … Read more
According to data released by the Central Bank of Brazil, stablecoin purchases comprised $6.8 billion of the $6.9 billion in cryptocurrency purchased abroad by Brazilians during Q1. This represents an increase of over 100% compared to the same period last year. Key Takeaways: Brazil’s Central Bank reported a Q1 2026 crypto volume of $6.9B, with … Read more
Itau Unibanco, through its VC arm Itau Ventures, has made an undisclosed investment in Minter, a company that installs mobile data centers and bitcoin mining operations across Brazil. Minter’s approach allows it to take advantage of surplus energy that would otherwise be wasted. Key Takeaways: Itau Ventures invested up to $10M in Minter for mobile … Read more
The adoption of stablecoins in Brazil continues to grow, now reaching beyond the cryptocurrency sector. The main point behind this rise in adoption across several industries is that stablecoin payments are tax-free, while fiat exchanges are taxed. Key Takeaways: After hitting $6B in December, Bloquo notes stablecoins expedite B2B settlements to benefit from tax exemptions. … Read more
The arrests of the two singers and others were part of Operation Narco Fluxo, a high-level operation executed by the Brazilian Federal Police across several states. The flows intermediated using cryptocurrency reached well over $320 million, according to an official statement. Key Takeaways: The Federal Police arrested MC Ryan SP in a $320M crypto laundering … Read more
The legislative caucus of Brazil’s Workers’ Party has filed a bill proposing an outright federal ban on online gambling, escalating what had been campaign rhetoric into formal legislation that would dismantle the regulatory framework the same government built – and putting billions in tax revenue at risk ahead of October’s presidential election. Key Takeaways: 68 … Read more
Shrinkflation, a phenomenon featuring products shipped in smaller quantities but sold at the same prices, is starting to hit the Brazilian economy, as inflation has taken a turn for the worse due to the ongoing conflict in the Middle East. Key Takeaways: With Brazil’s March inflation at 4.14%, firms adopted shrinkflation, ensuring prolonged consumer pain … Read more
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