Brazil


Finance

Coinbase-Backed Bitso Raises $62M to Expand Crypto Footprint in Brazil

Latin American crypto exchange Bitso has raised a whopping $62 million funding round, the largest in the region for a digital asset firm.

Mexico City, where Bitso is based

Markets

US Seizes $24M in Crypto as Part of Brazilian Probe Into $200M Fraud Scheme

The U.S. Department of Justice announced Wednesday the seizure of $24 million in cryptocurrency after a request from Brazilian police.

Brazil

Markets

Why Fiats Are Failing in 2020

From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?

Breakdown 10.23

Finance

World's Biggest Meat Processor to Tackle Amazon Deforestation Using Blockchain Tech

JBS S.A. aims to track all of its cattle suppliers on a blockchain system by 2025.

Amazon forest being burned for pasture

Markets

Brazil's Central Bank Says Nation Might Be Ready for a Digital Currency by 2022

Brazil's fast-digitizing financial infrastructure could set the stage for CBDC in the next two years, said Campos Neto.

Banco Central President Roberto Campos Neto says Brazil will have "all the ingredients" for a digital currency by 2022. (Marcos Oliveira/Agência Senado/Wikimedia Commons)

Markets

Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any

Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history.

Senator Soraya Thronicke. (Michel Jesus/Câmara dos Deputados/Wikimedia Commons)

Markets

Man Accused of Arranging Murder to Avoid Crypto Debt Can’t Escape Jail, Brazilian Court Rules

Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court refused to hear his request for freedom.

Brazil's supreme court (Ricardo/Flickr)

Finance

Brazil's Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction

Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.

Brazil

Policy

Binance Ordered to Halt Offering Derivatives Trading in Brazil

The order is the regulator’s first public stance on cryptocurrency derivatives trading.

Brazilian law treats all derivatives products as securities, no matter the underlying asset. (Danny Nelson/CoinDesk, altered with PhotoMoosh)

Markets

Many Bitcoin Developers Are Choosing to Use Pseudonyms – For Good Reason

Whether out of concern for personal security or a desire to preserve privacy, many Bitcoin developers are known to the world only by their pseudonyms.

victoria-priessnitz-lz1utGEXz6Q-unsplash