They argue the tax would be illegal, violating Brazil's Constitution and Virtual Assets Law, as stablecoins are not ...

The Brazilian Federal Police seized around R$2.7 billion, or $500 million, linked to a crypto money laundering ring that has been active for five years. As part of “Operation Kryptolaundry,” the ...

Brazil’s regulators have told the country’s largest fintech Nubank that it cannot keep using the “bank” label in its branding inside the country because the company does not have a banking license, ...

Brazilian real rebounds toward 5.22 as high rates offset global risk aversion. Oil price surge supports Brazil’s currency amid Middle East tensions. Selic outlook rises to 12.13%, reinforcing carry ...