Rio de Janeiro Plans to become "Crypto Rio" by Storing Part of its Reserves in Bitcoin
Following in the footsteps of Miami, Brazilian city Rio de Janeiro plans to enter the crypto space by having 1% of its reserves in Bitcoin.
Major Brazilian Investment Bank BTG Pactual Opens Crypto Trading Services to Customers
BTG Pactual, a central investment bank in Brazil, is developing its cryptocurrency trading service in response to increased demands from its customers who want to invest in crypto assets.
Japan’s SoftBank leads $200 million investment in Brazil’s Mercado Bitcoin
Japan SoftBank recently invested $200 million into the Mercado Bitcoin crypto exchange in Brazil, which is considered the largest raised through a Series B funding round in Latin America’s history.
OKEx Allows Traders to Purchase Tether through Brazilian Reals via PIX
OKEx exchange officially announced establishing a strategic partnership with CuboPay, a local payment processor in Brazil. Exchange users are now allowed to use Brazilian real through PIX in exchange for Tether purchases.
Brazil Becomes the First Latin American Country to Get Its First Bitcoin ETF
Brazil’s regulator has approved the first ever Bitcoin exchange-traded fund in Latin America.
US Seizes $24M in Cryptocurrencies Tied to Brazilian Investment Fraud Probe
The US Department of Justice has seized $24 million in cryptocurrencies following investigations linked to online investment fraud.
Top Brazilian Meat Processing Company Leverages Blockchain to Reduce Deforestation
JBS, a leading Brazilian meatpacker, has resorted to blockchain technology to leverage its traceability of tens of thousands of cattle it processes daily.
Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward
The Central Bank of Brazil is planning the potential issuance of a Central Bank Digital Currency (CBDC) by setting up a research study group.
Facebook Faces New Hurdles as Brazil’s Central Bank Suspends New WhatsApp Mobile Payment Service
Brazil’s central bank has suspended WhatsApp’s payments feature in the country. The newly-launched system allows users of Facebook Inc’s WhatsApp instant messaging service to send money via chat.
Brazil Highlights Blockchain Technology as a Digital Strategy Goal
Last week, Brazil unveiled its Digital Government Strategy that highlighted the use of distributed ledger systems and blockchain technology to transform major parts of the economy, especially in a post-COVID-19 environment.