Brazil took the reins of the G20 presidency from India in December 2023 and will continue to preside over the organisation until November this year. Crypto-related policy formulation, asset tokenisation, and responsible handling of Artificial Intelligence (AI) will continue to remain key focus points for discussions this year. The details have been disclosed by global … Read more
Brazil, after implementing some rules to govern cryptocurrencies back in 2022, is gearing up to unveil a more detailed regulatory framework to oversee the crypto sector. In a recent development, the Central Bank of Brazil has claimed that it would be bringing in a comprehensive set of rules to its Web3 community towards the final … Read more
Brazilian antitrust regulator Cade said on Monday that Apple must lift restrictions on payment methods for in-app purchases, among other things, as the watchdog moved to proceed with an investigation into a complaint filed by Latin America e-commerce giant MercadoLibre. Apple in Brazil declined to comment. MercadoLibre did not immediately respond to a request for … Read more
Brazil has joined Spain and Germany in obstructing the operations of Sam Altman’s controversial World project. The National Data Protection Authority (ANPD) has suspended the services of the World project within the country. A notice about the development was issued over the weekend to Altman’s tech firm Tools for Humanity (TFH), that parents World. Brazil … Read more
Brazil is reportedly working on a proposal to create a blockchain-based payment system for internal use by the BRICS economic bloc. The group has been discussing ways to reduce reliance on the US dollar for internal cross-border transactions since 2024. Brazil, Russia, India, China, and South Africa were the founding countries of the BRICS group. … Read more
A group of hackers that gained unauthorized access to the Central Bank of Brazil’s service provider has started laundering a portion of its $140 million haul using cryptocurrencies, according to On-chain analyst ZachXBT. The researcher revealed on Friday that between $30 million and $40 million of the stolen funds was converted to bitcoin , ether … Read more