Brazilian lawmakers have summoned the heads of major crypto exchanges to parliament, with representatives of the trading platforms Binance, Bitso, and OKX all set to attend. Per the Brazilian media outlet Livecoins, a special parliamentary commission for “cryptocurrency-based financial pyramid schemes” (known as the CPI) has approved a list of 38 people who will be…
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Three suspected Brazilian crypto fraudsters have been detained while trying to flee to Argentina – as police continue to probe the troubled Braiscompany. In March, a number of suspected employees were filmed apparently emptying the firm’s São Paulo premises under cover of night. In May, police officers issued arrest warrants for a number of Braiscompany…
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A hospital in the Brazilian state of Rio Grande do Sul has become the first in the nation to accept crypto pay. Per the Brazilian media outlet Livecoins, the hospital in question is the Rolante Hospital Foundation (FHR), a large general hospital in the municipality of Rolante. FHR is the oldest hospital in the municipality.…
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From the latter half of 2022 and continuing into 2023, the concept of de-dollarization has gained significant traction, making its mark on the mainstream media. This surge in attention can be attributed to the concerted efforts of BRICS countries such as Brazil, China, and Russia, who are endeavoring to diminish the dominance of the greenback,…
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Brazilian President Luiz Inácio Lula da Silva has revealed his intention to raise the issue of de-dollarization at the next BRICS meeting. “Why Brazil and Argentina would trade in dollars. Why don’t we do it in our own currencies? Why can’t Brazil and China trade in their currencies? The question of why I need to…
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Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance. BRICS is an acronym that represents an alliance of five major emerging economies: Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the phrase in 2001…
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This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries. Deputy Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested the summoning of Guilherme Haddad, the director of Binance Brazil, to appear before the Brazilian parliament as part of an ongoing Parliamentary Commission of Inquiry…
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Brazil’s Central Bank, the Banco Central do Brasil (BCB), has unveiled a “roadmap” of events ahead of the nation’s CBDC rollout. In an official BCB release, the bank stated that it would also begin assessing the possibility of enabling the launch of tokenized assets. The BCB unveiled a list of “monthly webinars” as part of…
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In the aftermath of the US Securities and Exchange Commission’s crackdown on major crypto exchanges Binance and Coinbase, Latin America’s crypto holders have reacted to this development with a surge of new accounts registered with Bitget, a crypto derivatives exchanges. The American regulator filed lawsuits against both Binance, the globe’s largest cryptocurrency exchange, and Coinbase, the…
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