The US DOJ has seized $24 million in cryptocurrencies from accounts belonging to a crime cartel after a request from the Brazilian government.
The Central Bank of Brazil is studying the Central Bank Digital Currency (CBDC) and assessing the benefits and impact of its final issuance.
Central bank of Brazil has suspended WhatsApp mobile payments service in the country a week after its launch in what is the latest setback for Facebook.
Ripple may expand its international payments corridor network, on-demand liquidity (ODL) to Brazil, which could contribute to the adoption of long-term XRP.
XDEX announced the closure of its activities. The company spoke of the difficulties it encounters in undertaking on an unregulated market.
Brazilian exchanges are facing crypto transactions tax regulations. All transactions on Brazilian exchanges must be reported to the RFB.
The Central Bank of Brazil classifies buying and selling of cryptocurrencies as buying and selling of assets in accordance with the IMF guideline.
Ripple is considering to expand its presence to nations like Peru, Argentina etc. Will Ripple blockchain rescue the economy of the South American region?
Crypto exchanges in Brazil are now required to provide all user transactions conducted to Brazil's RFB who wants to clamp down on any tax fraud going on in the country.
The media has reported about Brazilian bitcoin mining farm, which was accidentally discovered by the local police during the recent anti-drug traffic raid.