About 90% of crypto flows in Brazil are tied to stablecoins — and that determine seems to have been the breaking level for regulators. A Rule With A Narrow But Significant Reach Banco Central do Brasil (BCB) issued Resolution BCB No. 561 on Thursday, barring digital belongings from getting used to settle funds contained in…
A brand new WhatsApp worm is sweeping via Brazil, stealing financial institution logins and crypto keys from bizarre customers, safety corporations warn. Victims get a message that appears acquainted — a supply observe, a authorities alert, or an invitation to a gaggle — and one click on can let the menace unfold via their contacts…
Jurisdictions worldwide are adapting their approaches to cryptoassets as they more and more intersect with traditional finance (TradFi), drawing better numbers of monetary establishments in. Brazil is among the many newest to achieve this, extending monetary sector regulation to embody crypto actions as a part of a complete new framework for the sector. This will…
A Brazilian strategic Bitcoin reserve proposal will be debated in parliament later this month, with domestic crypto executives and government officials set to attend. The Brazilian media outlet Livecoins called parliament’s decision to hold the hearing “a historic first.” The Chamber of Deputies is set to host the hearing on August 20. The bill in…
Brazilian securitization firm VERT has rolled out a blockchain-powered private credit platform on the XRP Ledger, debuting with a R$700 million ($130 million) issuance of an Agribusiness Receivables Certificate (CRA). Key Takeaways: VERT launched a blockchain-based credit platform on the XRP Ledger with a $130M tokenized certificate. The system enables real-time, on-chain tracking of loan…