Tag: Brazil

Brazil to Integrate DeFi in Its “Drex” CBDC Pilot

Brazil to Integrate DeFi in Its “Drex” CBDC Pilot

Brazil is integrating DeFi principles into the creation of its own "synthetic" central bank digital currency (CBDC), Drex, formerly known as the Brazilian digital real. According to Roberto Campos Neto, president of Banco Central do Brasil (BCB), the South American country aims to design a CBDC that tackles the "trilemma" ...

Brazil Authorities Crack Down on $6.4B Crypto Laundering Ring

Brazil Authorities Crack Down on $6.4B Crypto Laundering Ring

Brazilian authorities have reportedly launched a major crackdown on a multi-billion-dollar cryptocurrency-based money laundering operation spanning several cities, including São Paulo, Fortaleza, and Brasília. The operation, which has laundered billions of dollars, is at the centre of "Operation Niflheim," an effort led by the Federal Revenue Service and Federal Police. ...

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