Brazil

Brazil

Finance

Brazil’s largest bitcoin treasury firm plans ETF with 95% allocation to Strategy's STRC

DIGY11 aims for annual distributions matching Brazil’s interbank rate plus 3–5 percentage points, net of costs, though investors' actual returns are not guaranteed.

World stock index tickers on a terminal (Daniel Brzdęk/Unsplash)

Finance

Brazil's largest lender Itaú is stepping deeper into the tokenization

Itaú Unibanco said it teamed up with tokenization specialist OpenAssets to test tokenized bonds and funds in a pilot run by Brazil's financial watchdog ANBIMA.

“No company, no enterprise can survive in capitalism without access to the financial system,” said lawyer Fernando de Magalhães Furlan. (Credit: Tupungato / Shutterstock)

Finance

Brazil's central bank orders exchanges to delay large crypto transfers abroad

The rule applies to transfers above $10,000 and smaller transactions flagged as risky by exchanges.

Brazil's flag (Rafaela Biazi/Unsplash)

Policy

Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal

The framework will address critical issues like official ownership records, private key custody, transaction reversibility and system liability.

Brazil's flag (Rafaela Biazi/Unsplash)

Finance

Latin America’s biggest stock exchange now offers options on bitcoin, ether and solana futures

These options settle into underlying futures contracts rather than spot cryptoassets, involving no custody, transfer, or administration of tokens.

Sao Paulo, Brazil (Shutterstock)

Policy

Brazil's central bank bans stablecoin and crypto settlement in cross-border payments

The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets.

Brazil's flag (Rafaela Biazi/Unsplash)

Markets

Brazil's B3 exchange to offer bitcoin-linked 'event contracts' for the ultra-rich

The contracts are regulated by Brazil's securities regulator and designed for professional investors with at least 10 million reais ($1.9 million) in assets.

Trading chart (Vladislav Maslow)

Finance

Mercado Libre shuts down Mercado Coin, ending its loyalty-driven crypto experiment

Starting April 17, users will no longer be able to buy, sell or earn cashback in Mercado Coin, but can sell, spend, or have the token converted to local currency.

A person holding a payments card sits at a computer (Rupixen/Unsplash)

Policy

Brazil passes law turning seized crypto into public-security war chest

The law lets authorities use crypto seized during investigations and expands their power to freeze, block or seize funds in a bid to crack down on criminal organizations.

Brazil's flag (Rafaela Biazi/Unsplash)

Finance

Ripple looks to expand crypto and payment services in Brazil

The blockchain firm is adding custody, payments and brokerage tools for digital asset management and tokenization as it plans to apply for regulatory approval from the central bank.

Brad Garlinghouse at DC Fintech Week (Jesse Hamilton/CoinDesk)