Crypto adoption is up from Argentina to Venezuela, especially bitcoin and stablecoins like dai. But each market is unique.
Brazil's central bank spent 1.3 million Brazilian reals (USD $250K) over two years building its new database for financial regulators on Quorum, replacing a slow and expensive paper-based system with a fully digitized version.
Brazil’s major financial regulators have unified their intelligence troves under a blockchain-backed sharing system called PIER.
The PIX payments system is coming to Brazil later this year, promising almost instant transfers for individuals and businesses.
Brazilian police have shut down a purported bitcoin investment scheme they allege stole 1.5 billion Brazilian reals.
The World Bank is teaming up with MakerDAO to bring blockchain education to Brazilian favelas.
Executive director Suzanne Pelletier told CoinDesk old school philanthropy isn’t making the cut, necessitating new donation methods.
Information regarding crypto transactions exceeding $7,600 in value must be submitted to the National Treasury.
“This initiative is an answer to great transformation”, the regulators said.
“I don’t know what Bitcoin is,” Brazilian President Jair Bolsonaro says even as his administration eyes blockchain projects.
Blockchain payments company Ripple has launched in Brazil as the first stage of its planned expansion across South America.
U.S. authorities formally charged the alleged moderators of DeepDotWeb with money laundering and other crimes.
Brazilian investment bank BTG Pactual is planning to raise millions of dollars through the offering of a security token tied to property assets.
The Brazilian National Social Development Bank is to pilot a stablecoin based on ethereum to combat corruption.
The parent company of Brazil's largest independent broker is setting up a cryptocurrency exchange, Bloomberg reports.