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Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Brazil is set to debate Lula’s controversial crypto tax, the probe into Libra’s launch offers new revelations, and Nubank has launched a new token-based fidelity program. Brazilian Congress to Debate Lula-Imposed Crypto … Read more
Bitgo, a U.S.-based cryptocurrency custody provider, recently announced the establishment of a local office in Brazil, where it will aim to acquire customers from the banking sector entering the crypto business. The company will also offer insurance options for clients using their own solutions. Bitgo Establishes a Foothold in Brazil to Serve Banks Entering the … Read more
The Brazilian Congress is set to debate the legality of a new cryptocurrency taxation scheme imposed by President Lula, which eliminated the income tax exemption for minor trading operations and targeted decentralized finance activities through a Provisional Measure that took effect in June. Brazilian Congress to Decide Fate of Cryptocurrency Taxation Provisional Measure Brazilian lawmakers … Read more
XRP Ledger is powering a $130 million breakthrough in Brazil’s private credit markets, with over $500 million more queued as tokenized finance takes center stage. XRP Ledger Just Captured $130M CRA—And $500M More Is Locked and Loading Brazil’s shift toward real-time, transparent credit markets is accelerating with the launch of blockchain-backed private credit infrastructure built … Read more
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, the IMF states that El Salvador’s bitcoin purchases are merely consolidation operations, Brazil and the U.S. are on the verge of escalating a trade conflict, and the DEA has seized $10 million … Read more
Reports indicate that both Brazil and the U.S. are exploring ways to retaliate, escalating the trade feud initiated by President Trump when he imposed a 50% tariff on Brazilian imports. The political status of former President Jair Bolsonaro is also a factor influencing the situation. Brazil-U.S. Trade Conflict Set to Escalate: Economic Sanctions May Result … Read more
Israel Salmen, CEO of Meliuz, the first Latam-based bitcoin treasury company, announced that the company is in the final stages of listing its stock on U.S. markets, without issuing new shares. Brazilian Bitcoin Treasury Company Meliuz Ready to List Stock on U.S. Markets Meliuz, the cashback company that became the first Latin American and Brazil-based … Read more
Trump noted that the new 50% tariff on Brazilian imports was justified due to the unfair treatment of former President Jair Bolsonaro and the censorship orders issued by Brazil’s courts on social media platforms. In response, Lula stated that these measures would be met with reciprocity. Trump Enacts 50% Tariff on Brazilian Products The Trump … Read more
Global confidence in the U.S. dollar is crumbling as rising debt, sanctions backlash, and collapsing trust spark a powerful shift in the foundation of global finance, a top Russian official says. US Dollar Faces Intensifying Scrutiny Amid Rising BRICS Influence and Domestic Economic Strain Growing skepticism over the U.S. dollar’s long-term stability is signaling a … Read more
BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency Outlook Ahead of 2025 Summit Growing momentum among emerging economies to reduce reliance on the U.S. dollar has led to … Read more
