Brazil Archives

Brazil central bank to tighten digital asset regulation amid 44% spike in investment

-

4 October, 2023

Brazil central bank to tighten digital asset regulation amid 44% spike in investment

From January to August, Brazilians invested $7.4 billion in digital assets, attracting the central bank's attention, which wants to curb...

Brazilian regulators join group of nations in creating comprehensive AI rules

Business

Wahid Pessarlay

-

19 September, 2023

Brazilian regulators join group of nations in creating comprehensive AI rules

Brazil's Senate Commission on AI embarks on a plan for comprehensive AI regulations, initiating the rollout of inaugural AI law...

Brazil CBDC faces setbacks as banking regulator suspends innovation lab

Business

Wahid Pessarlay

-

2 September, 2023

Brazil CBDC faces setbacks as banking regulator suspends innovation lab

Facing technical difficulties and privacy concerns, Brazil's CBDC launch falters following the central bank's indefinite suspension of LIFT Lab, causing...

It’s ‘DREX,’ not digital real: Brazil unveils the name of its CBDC

Business

Steve Kaaru

-

11 August, 2023

It’s ‘DREX,’ not digital real: Brazil unveils the name of its CBDC

DREX is an acronym for digital real electronic transactions, with its logo depicting two arrows that signify the evolution of...

Brazil’s new law appoints central bank, securities watchdog as digital asset regulators

Business

Steve Kaaru

-

19 June, 2023

Brazil’s new law appoints central bank, securities watchdog as digital asset regulators

The CVM and Brazil's central bank will regulate tokens considered to be securities and VASPs, respectively, as Brazil seeks to...

Brazil: Mercado Bitcoin secures payment provider license amid plans to diversify

Business

Wahid Pessarlay

-

11 June, 2023

Brazil: Mercado Bitcoin secures payment provider license amid plans to diversify

Brazil opened a pathway to diversify its financial services after the central bank granted Mercado Bitcoin a payment provider license,...

Brazil central bank selects Visa, 13 other banks for new CBDC pilot

Business

Wahid Pessarlay

-

2 June, 2023

Brazil central bank selects Visa, 13 other banks for new CBDC pilot

Each of the selected firms will assist Banco Central do Brazil in experiments testing the instant settlements of government bonds...

Brazil’s central bank allows firms to participate in digital real CBDC pilot

Business

Wahid Pessarlay

-

11 May, 2023

Brazil’s central bank allows firms to participate in digital real CBDC pilot

Participating financial institutions will be selected based on their previous experiences with distributed ledger technology with a preference for the...

Visa unveils blockchain-backed CBDC project for Brazilian farmers

Business

Wahid Pessarlay

-

6 May, 2023

Visa unveils blockchain-backed CBDC project for Brazilian farmers

Farmers appear to be the target market of Visa’s new CBDC project, noting that they contribute a large chunk of...

Brazilian bank floats dollar-backed stablecoin to provide customers with investment options

Business

Wahid Pessarlay

-

11 April, 2023

Brazilian bank floats dollar-backed stablecoin to provide customers with investment options

BTG Pactual says the latest innovation in the local fintech space, the BTG Dol, will allow customers to invest in...

Russia wants BRICS nations to explore new trade currency

Business

Wahid Pessarlay

-

4 April, 2023

Russia wants BRICS nations to explore new trade currency

India and Russia should take the lead in forming a financial relationship to ultimately create a new common currency, according...

Brazil’s digital real makes its debut on a public blockchain

Business

Wahid Pessarlay

-

9 March, 2023

Brazil’s digital real makes its debut on a public blockchain

The experiment was conducted by digital currency exchange Mercado Bitcoin and Stellar protocol designed to promote low-cost and real-time settlement...

Brazil

Recent

Trending

Most Views