Tag: Brazil

Binance has taken a major step toward advancing crypto utility in Brazil by integrating its payment solution, Binance Pay, with the nation’s widely used Pix system. This integration allows users to instantly convert cryptocurrencies into Brazilian reais and conduct real-time payments to individuals or merchants throughout the country. With the ...

In a bold move signalling deeper institutional adoption of Bitcoin in Latin America, Brazilian fintech firm Méliuz has officially transformed into the country’s first publicly traded Bitcoin treasury company.  The announcement came after shareholders voted overwhelmingly in favour of the strategic shift on May 15. Executive chairman Israel Salmen shared ...

Bybit has officially launched Bybit Pay in Brazil, offering a seamless, blockchain-based payment solution to simplify crypto transactions for users and merchants in Latin America’s largest economy. Powered by Transfero, Bybit Pay enables users to pay with crypto or fiat via Brazil’s PIX system using QR codes. With all-in-one crypto ...

Brazil's central bank digital currency (CBDC), Drex, is encountering significant hurdles regarding privacy as it approaches its anticipated launch in late 2024. Recent reports indicate waning support from external partners, exacerbating concerns about the platform's ability to maintain user privacy. Drex aims to streamline financial transactions and enhance financial inclusion ...

A Brazilian national, Douver T. Braga, has been extradited from Switzerland to the United States to face charges related to a $290 million Bitcoin investment fraud scheme. According to a press release by the U.S. Department of Justice, Braga pleaded not guilty to a 13-count indictment accusing him of wire ...

Brazilian digital banking giant Nubank has launched a new feature offering a fixed 4% annual return for users holding USD Coin (USDC), Circle’s stablecoin. The initiative, announced on January 14, extends the rewards program to all crypto wallet users after a successful trial with a select group last year. The ...

Bybit is making strides in the Brazilian market by introducing the physical Bybit Card. Brazilian users can now pre-register for the card and enjoy free issuance for a limited time. The launch follows the success of the virtual Bybit Card, which has been available since September 2024 and currently serves ...

Brazil’s Central Bank (BCB) has introduced a proposal that could dramatically alter how stablecoins are used in the country’s thriving crypto market. Announced on November 29, the draft regulation aims to ban the transfer of foreign-backed stablecoins, like USD-pegged tokens, from crypto exchanges to self-custody wallets. This move is part ...

Hong Kong's financial regulator, the Hong Kong Monetary Authority, has teamed up with the central banks of Thailand and Brazil to explore tokenization use cases in cross-border finance.  In a press release on October 28, the HKMA announced that the collaborations would concentrate on creating use cases for tokenized assets ...

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" ...