Brazil

Brazil’s Pix Payment System Sparks US Worries Over De-Dollarization

Brazil’s Central Bank runs Pix, a payment system attracting scrutiny from U.S. officials. The system settled over $450 billion in transactions last quarter,...

Brazil Central Bank Signals Easing of Crypto and Stablecoin Rules

Banco Central do Brasil is considering a softer stance on self-hosted wallets and cross-border cryptocurrency use after industry feedback. Initial proposals aimed to restrict these...

XRP Surges 7.5% as SEC Reviews ETF Applications, Brazil Approves First Spot XRP Fund

Multiple asset managers including WisdomTree and Canary Capital have filed for XRP ETFs, initiating a 240-day SEC review period. XRP's price surged 7.5% to $2.71,...

Brazil Bans Crypto Rewards for Iris Scans as World Network Faces Regulatory Hurdle

Brazil's data protection agency ANPD halts World Network's crypto incentives for iris scans. The suspension takes effect from January 25, 2024. Regulators determined crypto rewards could...

Elon Musk in Legal Tug-of-War with Brazil’s Supreme Court Over Social Media Bans

Elon Musk is fighting a legal battle with Brazil's Supreme Court over orders to ban certain social media accounts.Justice Alexandre de Moraes accuses Musk...

Latam Gateway Receives License to Operate as Payment Provider for Binance in Brazil

Latam Gateway, the payment provider for Binance in Brazil, received on 19 May a licence from the country's central bank to operate as a...

Mastercard and Binance Join Forces in Brazil

Mastercard and Binance have announced a partnership to issue a prepaid card in Brazil, Latin America's largest economy.The move comes as the crypto exchange...

Currency Union in Latin America: Brazil and Argentina to Launch Common Currency

The governments of Brazil and Argentina will discuss in the next few days the basic guidelines for launching a common currency between the two...

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Prosecutors Weigh Charges Against Dragonfly Over Tornado Cash Ties

U.S. prosecutors are considering charges against Dragonfly Capital over its investment in Tornado Cash’s developer.Dragonfly Capital invested $882,000 in...

Prosecutors Weigh Charges Against Dragonfly Capital Over Tornado Cash

Prosecutors in New York said they may file criminal charges against employees at Dragonfly Capital for a 2020 investment...

US, UK Employees Risk Data Leaks Using Chinese GenAI Tools, Study Finds

Employee use of Chinese generative AI tools in the US and UK is widespread and often unsanctioned. Researchers found over...

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