Brazil


Policy

Brazil’s Central Bank Sets Crypto Rules, Establishes up to $7M Capital Bar for Firms

The rules classify crypto activities as subject to foreign exchange and capital market rules, and require reporting of international transactions.

Brazil's flag (Rafaela Biazi/Unsplash/Modified by CoinDesk)

Finance

Banco Inter, Chainlink Power Real-Time CBDC Trade Settlement Between Brazil and Hong Kong

The pilot, part of Brazil's Drex initiative, used Chainlink's infrastructure to connect Brazil's Drex network with Hong Kong's Ensemble platform.

Chainlink CEO and co-founder Sergey Nazarov

Finance

Brazil’s OranjeBTC Joins Wave of Struggling Crypto Treasury Firms Turning to Buybacks

The move is part of a growing trend among DAT companies, including ETHZilla, Metaplanet, Sequans, and Empery Digital.

(Midjourney/Modified by CoinDesk)

Finance

Brazil’s Mercado Bitcoin Bets on ‘Invisible Blockchain’ Approach to Build Financial Super App

The company plans on using blockchain technology behind the scenes while avoiding crypto-native terminology.

Daniel Cunha, Mercado Bitcoin's head of corporate development (Mercado Bitcoin)

Finance

OranjeBTC to Become Brazil’s Largest Publicly-Traded Bitcoin Treasury Firm With B3 Listing

OranjeBTC, which holds 3,650 BTC, also plans to launch a financial education platform focused on bitcoin and crypto, in addition to its public listing.

Bitcoin News

Finance

Brazil’s Largest Private Asset Manager Itaú Launches Crypto-Focused Division

The new unit, led by former Hashdex executive João Marco Braga da Cunha, will operate within Itaú's multidesk investment structure, which oversees $21.6 billion in assets.

Brazil's flag (Rafaela Biazi/Unsplash)

Finance

Brazil's VERT Capital to Tokenize $1B in Real-World Assets on XDC Network

The deal underscores the growing role of Brazil as a tokenization hub in the region.

Brazil flag (Shutterstock)

Finance

XRP Ledger Tapped for Tokenizing $130M Agribusiness Credit as Brazil's RWA Push Accelerates

The CRA, a key instrument used to bundle future cash flows from Brazil’s agricultural sector was recorded on-chain using the XRPL and its Ethereum-compatible EVM sidechain.

brazil

Finance

Brazil's VERT Debuts Tokenized Credit Platform on XRP Ledger With $130M Issuance

The offering, with Ripple's contribution, aims to streamline Brazil’s structured credit market and attract foreign investors.

Brazil flag (Shutterstock)

Finance

Hackers Behind $140M Brazil Banking Heist Turn to Crypto to Launder Their Loot

ZachXBT estimates that between $30 million and $40 million has been swapped to crypto through OTC desks and exchanges.

Brazil's flag (Rafaela Biazi/Unsplash)