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Brazilian banks gear up for the country’s new digital currency 

Brazil’s top financial institutions are preparing for the nationwide rollout of the central bank’s digital currency, Drex.  As Brazil’s central bank gears up for the introduction of its digital currency, Drex, leading financial institutions like Itau Unibanco, BTG Pactual and Santander Brasil are escalating their efforts. These major banks are increasing

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Brazilian Congress puts Binance CEO CZ in crosshairs for indictment

A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” and three other Binance executives following a probe into financial pyramid schemes in Brazil.On Oct. 10 the committee released a 500-page final report accusing Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar

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Brazilian lawmakers seek to add crypto to debtors’ protected assets list

As Brazilian lawmakers discuss a bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiative is seeking to include crypto in the latest version of the bill.Bill 4.420/2021, authored by Deputy Carlos Bezerra, is currently being considered by the Committee on

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Crypto Startup Ramp Network Starts Brazilian Unit as First Step in Latin America Expansion

“This year, we are fully dedicated to establishing a strong presence in Latin America, and the reason for that is that this is a very interesting market for us,” Łukasz Anwajler, chief technology officer at Ramp, told CoinDesk, citing latest survey published by blockchain data analytics platform Chainalysis. Original Source

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Brazilian Central Bank Adds Local Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard

“We are pleased to be part of the consortium selected to join the Real Digital pilot in Brazil. Mastercard continues to engage in a series of partnerships to build trust and compliance in the digital assets ecosystem, while also solving real-world problems,” Walter Pimenta, executive vice president of Products and

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Binance Director Could Be Summoned by Brazilian Parliament over Pyramid Scheme Allegations

This month, the crypto company faced issues with regulators in at least four countries.This month, the crypto company faced issues with regulators in at least four countries. The Director of Binance in Brazil Guilherme Haddad could be called to appear before the Brazilian Parliament. This is because there is an ongoing

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