Ripple: Crypto On-Demand Liquidity Service launches in Brazil
Ripple is launching the product with the help of the digital bank Travelex. At first, transactions can be made between Brazil and Mexico. Ripple announced Thursday that it and Travelex Bank had launched their “crypto on-demand liquidity” (ODL) service in Brazil. The ODL from the digital payment company speeds up the transfer and exchange of […]
Mercado Bitcoin, Stellar partner to work on Brazil’s CBDC
Brazilian exchange Mercado Bitcoin announced a collaboration with the Stellar Development Foundation (SDF) to work on one of the nine projects chosen for the LIFT Challenge Real Digital, created by the Brazilian Central Bank. The LIFT Competition Real Digital is a collaborative environment created by the Brazilian Central Bank (Bacen) in collaboration with the National […]
Senate approves ‘Bitcoin law’ in Brazil
In a plenary session, Brazil’s Senate has approved the Bitcoin law which is the country’s first measure toward controlling cryptocurrencies and also providing a regulatory framework crypto business. To become law in Brazil, the bill must be approved by the Chamber of Deputies and then signed by President Jair Bolsonaro. According to specialists who spoke […]
Brazil announces incoming approval of ‘Bitcoin law’
The Bitcoin law which will regulate the cryptocurrency market in Brazil is expected to be adopted by the National Congress in the first half of this year. In the first round of consideration, the legislation, which has been debated in the Chamber of Deputies since 2015, was adopted. It has been linked to another crypto-related […]
Brazil proposes stricter penalties for crypto-related financial crimes
Brazilian lawmakers are working on a set of new penalties for money laundering with cryptocurrencies, the penalties are part of a new piece of legislation that also regulates crypto trading and payments. According to an official announcement on Sept. 29, Brazil’s Special Committee of the Chamber of Deputies has passed a bill that dramatically increases […]