Brazil
Brazil sets $10K self-custody crypto reporting rule
Brazil will require covered institutions to report self-custody crypto transfers of $10,000 or more to Coaf from October 1 under Resolution 588.
Brazil
Brazil
Lemon exits Brazil over crypto licensing costs
Lemon has decided to close its Brazilian operations and terminate about 15,000 local accounts after finding the country’s new crypto licensing capital requirements too costly for…
Brazil
Brazil crypto market could shrink as less than 10% seek licenses
Brazil’s crypto market has entered a regulatory shakeout, with industry estimates indicating that fewer than 10% of companies currently operating in the country are likely to…
Brazil
Coinbase expands Morpho-powered USDC lending to Brazil
Coinbase has expanded its Morpho-powered lending product to eligible Brazilian customers, offering market-based returns on USDC without a fixed lock-up period. Coinbase brings USDC lending to…
Bitcoin
Banco do Brasil makes first digital note investment in $5M Citi deal
Banco do Brasil has invested in a $5 million digitally native structured note issued by Citi on Euroclear’s blockchain-based infrastructure, completing what the lender described as…
Brazil
Cardano anchors 500,000 supply chain records
Cardano and Blockforce launched a dual-ledger traceability system that has anchored over 500,000 Brazilian supply chain records.
Brazil
Brazil central bank prepares crypto monitoring system after $180M cyberattack
Brazil’s central bank has developed a real-time crypto threat alert system with Hypernative that will connect banks and domestic exchanges after attackers moved part of an…