Brazil's tax authority, the Special Department of Federal Revenue of Brazil (RFB), is set to summon foreign cryptocurrency exchanges operating within the country to clarify their operations and cooperation with local service providers, according to a new report from Reuters. Officials from the agency told Reuters that an ordinance expected ...
Binance has launched its instant payment service, Binance Pay, in Brazil. In a blog post on August 22, 2023, the crypto exchange noted that the move was to allow local merchants to offer a new payment alternative to their customers. Binance Pay is a contactless, secure payment service that facilitates ...
Brazil's central Bank, Banco Central do Brasil (BCB), announced on August 7, 2023, that their digital currency (CBDC) will now be called "Drex" instead of "Real Digital." According to the Central Bank’s official statement, the name "Drex" is an amalgamation of letters: the "d" and "r" is a nod to ...
Guilherme Haddad, the Director of Binance Brazil, has been summoned to appear before the Brazilian parliament as part of a broader investigation into alleged pyramid schemes in the country. The request was made public on Wednesday, June 21, 2023, by Deputy Alfredo Gaspar, a member of the Parliamentary Commission of ...
Banco Central do Brasil is set to expand its Digital Real Pilot Program in mid-June 2023 to include additional participants. In an update on May 24, 2023, the Brazillian central bank revealed the final list of participants selected for the CBDC pilot program. A total of 14 participants were chosen ...
