Tether Invests $20 Million in Brazil’s Mercado Bitcoin
Bitcoin Magazine Tether Invests $20 Million in Brazil’s Mercado Bitcoin Tether said Tuesday it will invest $20 million in a strategic growth financing round for Mercado Bitcoin, a move that…
Brazil Proposes Mandatory 24-Hour Hold on Large Crypto Stablecoin Transactions
The 24-hour hold period would allow virtual asset service providers to screen the transactions and verify the legitimacy of the funds moved. The funds could be released in a shorter…
Brazil Bans Crypto in Cross-Border Payments
The Central Bank of Brazil published Resolution No. 561, which imposed a blanket ban on the use of cryptocurrency assets, such as bitcoin and stablecoins, for entities providing international payment…
Brazil’s Pix Payment Network Launches in Argentina, Bank Mulls Larger Expansion
Banco do Brasil, a Brazilian state-controlled bank, launched a new feature allowing Brazilian customers to leverage the Pix payments system in Argentina. The institution is considering expanding this functionality to…
Brazil to Propose 3.5% Tax on Stablecoin Purchases and Remittances
The measure, described last week, would be submitted by Brazil’s Revenue Service for public consultation and would impose a 3.5% tax on both stablecoin purchases and remittances, treating them as…
Nubank Seeks to Acquire Traditional Bank to Satisfy Brazilian Regulatory Requirements
According to recent reports, Nubank is strategically pursuing the acquisition of a small bank in Brazil, driven by new regulatory restrictions that prohibit fintech companies from using banking-related names without…
Brazil’s Largest Bank Updates Bitcoin Portfolio Recommendations
Itau, Brazil’s largest bank, now recommends allocating up to 3% of investment portfolios to bitcoin, despite the cryptocurrency’s underwhelming performance in 2025. The bank’s recent report emphasizes bitcoin’s potential as…
Draft Law Accuses Central Bank of Brazil of ‘Overreaching’ With Stablecoin Rules
A draft introduced in the Brazilian Congress seeks to void the recently issued stablecoin rules, arguing they represent regulatory overreach by the central bank. The proposal also accuses the bank…
Central Bank of Brazil Postpones CBDC Strategy, Shuts Down Current Pilot Platform
The Central Bank of Brazil announced it would discontinue the platform used to run drex, the Brazilian CBDC initiative, during its first two phases. Fabio Araujo, the project’s coordinator, stated…
Report: Argentina Surges Past Brazil as Crypto Adoption Haven in Latin America
Sherlock Communications, a Latam‑focused firm, said Argentina has consolidated itself as a leader in crypto regulation and adoption in the region over Brazil. While Brazil has a larger crypto market,…