Brazil Archives

Binance lawsuit targets exchange as ‘get-away driver’ for bad actors

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22 August, 2024

Binance lawsuit targets exchange as ‘get-away driver’ for bad actors

Binance has been hit with various complaints and settlements in different jurisdictions, with a civil lawsuit filed at the U.S....

Last week in AI: Meta suspends AI tools in Brazil; Japanese companies embracing AI; Nvidia, Amazon, OpenAI forms coalition

Business

Patrick Thompson

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23 July, 2024

Last week in AI: Meta suspends AI tools in Brazil; Japanese companies embracing AI; Nvidia, Amazon, OpenAI forms coalition

Last week's news about AI saw Meta's suspension of AI tools in Brazil, Japanese companies' stance on AI, Meta not...

Brazil bars Meta from using citizens’ data to train its AI, cites ‘irreparable’ damage

Business

Steve Kaaru

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10 July, 2024

Brazil bars Meta from using citizens’ data to train its AI, cites ‘irreparable’ damage

Brazil follows the EU in warning against using Facebook and Instagram data to train Meta’s AI, which the company calls...

Google to pilot AI-based anti-theft phone feature in Brazil

Business

Wahid Pessarlay

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13 June, 2024

Google to pilot AI-based anti-theft phone feature in Brazil

Google's anti-theft solution, which will be available to users in Brazil, will utilize advanced AI capabilities, including the ability to...

Brazil delays DREX CBDC launch over privacy concerns

Finance

Gavin Lucas

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3 June, 2024

Brazil delays DREX CBDC launch over privacy concerns

Similar to developed nations, Brazil also shows great concerns regarding the privacy of CBDCs despite conducting several trials to address...

Brazil’s BV Bank tests car sales ahead of DREX CBDC pilot

Business

Wahid Pessarlay

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13 April, 2024

Brazil’s BV Bank tests car sales ahead of DREX CBDC pilot

BV Bank has been testing the viability of DvP settlements in car sales transactions, which involves the simultaneous transfer of...

Brazil explores CBDC offline functionality ahead of mainstream launch

Business

Wahid Pessarlay

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18 March, 2024

Brazil explores CBDC offline functionality ahead of mainstream launch

Brazil's central bank follows other countries in exploring an offline payment solution for its CBDC as part of its effort...

BRICS eye stifling US dollar influence with blockchain-based payment system

Business

Wahid Pessarlay

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9 March, 2024

BRICS eye stifling US dollar influence with blockchain-based payment system

Russia is reportedly banking on the planned blockchain-based payment system to reduce the U.S. dollar's global influence, seeking help from...

Brazil targets $4B in taxes from digital assets stored overseas

Business

Steve Kaaru

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19 December, 2023

Brazil targets $4B in taxes from digital assets stored overseas

A new bill signed into law by President Luiz Inácio Lula da Silva will require income from assets held by...

Brazilian central banker talks about new payment system, CBDCs, digital payments

Business

Gavin Lucas

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27 October, 2023

Brazilian central banker talks about new payment system, CBDCs, digital payments

The Brazil central bank boss sees CBDC's potential, arguing that if every country has a digital currency that it could...

Brazil’s securities watchdog schedules tokenization pilot for 2024

Business

Wahid Pessarlay

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15 October, 2023

Brazil’s securities watchdog schedules tokenization pilot for 2024

Brazil's securities regulator, CVM, is planning a 2024 pilot for tokenizing mainstream financial assets, focusing on regulatory implications, leveraging blockchain...

Brazil recommends indictments against Changpeng Zhao, local Binance executives

Business

Jordan Atkins

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12 October, 2023

Brazil recommends indictments against Changpeng Zhao, local Binance executives

Changpeng Zhao, Daniel Mangabeira, Guilherme Haddad Nazar, and Thiago Carvalho allegedly operated Binance in Brazil without the necessary licenses.

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