Key Takeaways Brazil’s Superior Court of Justice (STJ) has ruled that crypto assets can be frozen to recover unpaid debts, establishing a legal precedent that treats digital currencies similarly to traditional property in debt enforcement cases. The unanimous decision was…
Key Takeaways World’s largest crypto exchange, Binance, has obtained a regulatory approval from the Central Bank of Brazil. This allows Binance to acquire the São Paulo-based financial institution Sim;paul, granting the exchange licenses to distribute securities and issue electronic money.…
Key Takeaways Brazil’s Central Bank (Banco Central do Brasil, BCB) has put forward a regulatory proposal to limit the transfer of stablecoins, such as Tether’s USDt, to self-custodial wallets. Announced on November 29, 2024, the public can provide feedback on…
Key Takeaways The Central Bank of Brazil has opened applications for organizations interested in joining the next phase of its central bank digital currency (CBDC) pilot, Drex. From October 14 to November 29, companies can submit their proposals for participating…
Key Takeaways Brazil’s largest crypto bank, Nubank, has announced the immediate suspension of trading for its native cryptocurrency, Nucoin. The decision follows a sharp decline in the token’s value, which has fell over 97% in the past year. The suspension,…
Social media site X, formerly known as Twitter, was suspended in Brazil by a Supreme Court ruling after Elon Musk declined to designate a lawyer for the company.
BlackRock is growing its selection of crypto products abroad. The business debuted its Ethereum ETF on Brazil's stock exchange B3 by use of a depositary receipt.
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The legislation will impose taxes on profits derived from fluctuations in cryptocurrency values compared to Brazil's official fiat currency
Mercado Bitcoin has been granted permission by Brazil's central bank to participate in the pilot program for the digital real.
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