Bitcoin in Emerging Markets: Latin America

Crypto adoption is up from Argentina to Venezuela, especially bitcoin and stablecoins like dai. But each market is unique.

People  ·  8 May 2020

Brazil’s New Blockchain Data Tool Cost $250K, Runs on Quorum

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.

Business  ·  10 April 2020

Brazilian Financial Regulators Will Vet Companies and Political Appointees on a Blockchain

Brazil’s major financial regulators have unified their intelligence troves under a blockchain-backed sharing system called PIER.

News  ·  2 April 2020

Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies

The PIX payments system is coming to Brazil later this year, promising almost instant transfers for individuals and businesses.

Policy & regulation  ·  20 February 2020

Brazilian Police Bust Alleged Crypto Fraud That Cost Investors $360M

Brazilian police have shut down a purported bitcoin investment scheme they allege stole 1.5 billion Brazilian reals.

News  ·  9 December 2019

MakerDAO Is Helping 60 Kids in Brazil Learn the Basics of Blockchain

The World Bank is teaming up with MakerDAO to bring blockchain education to Brazilian favelas.

Business  ·  9 September 2019

Rainforest Charity Launches Crypto Appeal to Help Protect Amazon

Executive director Suzanne Pelletier told CoinDesk old school philanthropy isn’t making the cut, necessitating new donation methods.

Markets  ·  4 September 2019

Brazilian Tax Authorities Impose New Requirements on Crypto Trading

Information regarding crypto transactions exceeding $7,600 in value must be submitted to the National Treasury.

Markets  ·  2 August 2019

Brazilian Financial Authorities Announce Regulatory Sandbox For Blockchain

“This initiative is an answer to great transformation”, the regulators said.

Policy & regulation  ·  17 June 2019

Brazil’s President Rebuffs Cryptocurrency as Administration Explores Blockchain

“I don’t know what Bitcoin is,” Brazilian President Jair Bolsonaro says even as his administration eyes blockchain projects.

Markets  ·  12 June 2019

Ripple Kicks Off South America Expansion With Brazil Launch

Blockchain payments company Ripple has launched in Brazil as the first stage of its planned expansion across South America.

Business  ·  11 June 2019

DeepDotWeb Defendants Used Bitcoin to Hide Criminal Proceeds, Say Feds

U.S. authorities formally charged the alleged moderators of DeepDotWeb with money laundering and other crimes.

Policy & regulation  ·  8 May 2019

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering

Brazilian investment bank BTG Pactual is planning to raise millions of dollars through the offering of a security token tied to property assets.

Business  ·  21 February 2019

This Brazilian Bank Is Using Ethereum to Issue a Stablecoin

The Brazilian National Social Development Bank is to pilot a stablecoin based on ethereum to combat corruption.

Business  ·  17 December 2018

Brazil’s Largest Independent Broker Is Launching a Crypto Exchange

The parent company of Brazil's largest independent broker is setting up a cryptocurrency exchange, Bloomberg reports.

Markets  ·  21 September 2018