Brazilian CBDC gets official name and logo
Previously commonly referred to as “digital real”, Brazilian central bank digital currency gets its official brand name. Go to Source
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BRICS: History, objectives and an overview of the global alliance
Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance. Go to Source Powered by WPeMatico
Binance faces scrutiny in Brazil, exec summoned to testify before Congress
This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries. Go to Source Powered by WPeMatico
Brazil’s president signs law aimed at having central bank regulate crypto firms
The decree authorizes the central bank to regulate and supervise virtual asset service providers, and ensures the country’s securities regulator will continue to handle many tokens. Go to Source Powered by WPeMatico
Latam crypto holders flock to Bitget following Binance, Coinbase suits
The number of Bitget users in Latin America increased by 43% from June 6 to June 9, along with a 134% increase in deposits. Go to Source Powered by WPeMatico
Brazil’s crypto exchange Mercado Bitcoin licensed as payment provider: Report
As a payment institution, the new fintech MB Pay will enable certain digital banking services to the crypto exchange’s users in the country. Go to Source Powered by WPeMatico
Visa, Microsoft and others join Brazilian CBDC pilot
Both national and global companies will take part in the upcoming pilot project of the Brazilian central bank digital currency. Go to Source Powered by WPeMatico
Binance provider in Brazil gets payment institution approval
Binance’s partner Latam Gateway has been granted a license to operate as a payment institution and electronic money issuer in Brazil. Go to Source Powered by WPeMatico
Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues
Bangladesh and India have decided to conduct trade settlements in their own currencies, bypassing the dominance of the U.S. dollar. According to sources from the Bangladesh Bank, the decision was made due to the issues of liquidity in foreign currency that Bangladesh faces, which are disrupting the flow of imports to the country. Bangladesh and … Read more
Warren Buffett Sees ‘No Option’ Other Than US Dollar as Reserve Currency, but Warns Fed Can’t ‘Just Print Money Indefinitely’
Warren Buffett, CEO of Berkshire Hathaway and one of the most renowned investors in the market, stated that he saw no viable option to become the world’s reserve currency besides the U.S. dollar. However, he warned about the dangers that printing too much money could bring to the strength of the currency in the future. … Read more
