Binance Faces Regulatory Issues in Brazil
A member of the Brazilian Chamber of Deputies requested that Binance’s exec be summoned to testify before Congress and also claimed that pyramid schemes in the country utilized Binance to facilitate asset transfers. Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested that Guilherme Haddad, the director of Binance Brazil, be summoned […]
Host of Companies Set to Partake in Brazil’s CBDC Pilot
National and international companies, including Visa, Microsoft, and Santander, will participate in the Brazilian central bank’s upcoming digital currency pilot project (CBDC). The central bank released the final list of CBDC pilot participants on May 24. Participants were selected from 36 bids submitted by single corporations and consortia, “totalling more than 100 institutions.” The total […]
Chess Meets Crypto: NFT Prizes for Brazilian Students
A new chess tournament for students in Brazil will offer participants Non-fungible tokens (NFTs) as prizes. Inkluziva School Chess Tournament The Inkluziva School Chess Tournament is a nationwide event organized by a fintech company named Inkluziva. The tournament is open to students at least six years old in the national education system. The contest aims […]
Revolut Enters Latin American Market With Brazil Launch
Revolut has launched in Brazil, offering the ability for its citizens to use crypto investments and create a global account. Revolut, a leader in digital banking, has just announced plans to expand into Brazil, catering to the growing demand for cryptocurrency investments there. With this move, the bank enters the Latin American market for the […]
BTG Pactual launches Dollar-Backed Stablecoin
BTG Pactual, an investment bank in Latin America, has launched a dollar-backed stablecoin on its crypto platform Mynt. The BTG Dol is the world’s first dollar-backed stablecoin issued by a bank. BTG Pactual said on Tuesday that the BTG Dol stablecoin is the first dollar-backed stablecoin issued by a bank. The bank in São Paulo, […]