Key Takeaways: Brazil’s mega bank Itaú Unibanco is exploring a stablecoin launch. Itaú sees stablecoins as a way to enable atomic transactions, minimizing fraud risks. The bank remains cautious as Brazil’s central bank reviews a draft proposal that could restrict stablecoins. Itaú Unibanco, Brazil’s largest bank—with over 55 million customers—is exploring the creation of a […]
The survey, commissioned by Coinbase and Hashdex, found that while savings accounts were Brazil’s most used investment instrument, cryptocurrency was more popular than other options, including stocks and gold, among Brazilians. Poll Finds Brazilians Invest More in Cryptocurrency Than in the Stock Market The openness of Brazil to new technologies and proposals has allowed cryptocurrency
Survey: More Brazilians Invest in Cryptocurrency Than in Dollars, Gold and Stocks Read More »
A high-ranking official has called for a deeper debate regarding bitcoin as a reserve asset in Brazil, calling it “internet’s gold.” While President Lula’s government has been neutral about cryptocurrency, there is already a proposal to create a bitcoin reserve pending in Congress. Discussion Around Bitcoin Strategic Reserve Heats up in Brazil Positive signs are
Hints of Consensus Around Bitcoin as a Reserve Asset in Brazil Arises Read More »
Mario De Marco, Anderson Leme, and Rodrigo Quaresma, Federal Revenue agents, talked about the possibility of seizing bitcoin from travelers in Brazil. During a podcast, the agents clarified that they could confiscate digital assets from travelers only if there is a pending investigation involving these bitcoin. Leme stated that the current regulation did not mention
Federal Revenue Agents Might Seize Bitcoin From Travelers in Brazil Read More »
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Libra’s founders face a class action lawsuit, a bitcoin wages bill is introduced in the Brazilian Congress, and a Venezuelan minister claims that 25% of international trade can be settled
Latam Insights: Libra’s Class Action Lawsuit, Brazil’s Bitcoin Wages Bill Read More »
The bill seeks to allow wages and other labor-linked payments to be partially settled using virtual assets in Brazil and also calls for educating workers about volatility and transaction security issues. Lawmakers to Review Bitcoin Wages Bill in Brazil A new bill has been introduced in Congress to regulate the payment of wages and other
Wages Paid in Bitcoin? Bill Introduced in Brazil Might Make It Possible Read More »
