Brazil | News

The theft occurred after the hackers allegedly compromised an employee of C&M, a software service provider, by buying the employee’s login credentials. C&M Software, the service provider that connects Brazil’s Central Bank to local banks and other financial institutions, was hacked on Wednesday, leading to 800 million Brazilian reais ($140 million), in stolen funds from six institutions connected to the central bank. The hack occurred after an employee of C&M allegedly sold his login credentials to the threat actor for roughly $2,700, allowing them to access the software system and steal funds held in reserve accounts, according to Brazilian news outlet São Paulo. Onchain detective ZachXBT said the hackers converted an estimated $30 million to $40 million of the stolen funds to Bitcoin (BTC), Ether (ETH) and USDt (USDT), which they laundered through Latin American exchanges and over-the-counter (OTC) trading platforms. Read more

Brazil’s new 17.5% flat crypto tax replaces previous exemptions and now applies to all digital asset gains. On June 12, 2025, Brazil introduced a sweeping new cryptocurrency tax law under Provisional Measure 1303.  It replaces the old progressive tax model with a flat 17.5% crypto tax on all capital gains — no matter how much is earned or where the assets are held. The policy ends the long-standing exemption that allowed individuals to sell up to 35,000 Brazilian reais (~$6,300) in crypto each month tax-free. Read more

Brazil advocates for a diplomatic resolution to the Russian-Ukrainian war through engagement with a wider range of international partners beyond Europe.

Brazil considers Ukraine one of the most relevant international actors in the food security chain.

Brazil is currently involved in a controversial debate over hyper-realistic baby dolls, also known as reborn dolls, as lawmakers across the country introduce a legislative escalation targeting their use. These hyper-realistic baby dolls, created to resemble real infants with amazing detail, have sparked both captivation and disgrace, mainly on social media platforms where collectors, typically […]

At least eight people were killed Saturday when a hot-air balloon with 21 passengers caught fire in southern Brazil, a state governor said. It was the second fatal balloon accident in the vast South American country in less than a week. “Eight fatalities and 13 survivors,” Santa Catarina state governor Jorginho Mello said on X. […]

At least eight people were killed on Saturday when a hot air balloon with 21 passengers caught fire in southern Brazil, said the governor of Santa Catarina state, where the incident occurred. “Eight fatalities and 13 survivors,” Governor Jorginho Mello said on X. Videos taken by bystanders and carried on Brazilian television showed the moment when the balloon erupted in flames above the coastal town of Praia Grande. The weather conditions were clear. The basket carrying the passengers plummeted dozens of meters to the ground in flames. “We still have no information” about the condition of the survivors, a spokeswoman for Santa Catarina firefighters told AFP. Praia Grande, on the Atlantic coast, is a popular destination for hot-air ballooning in Brazil. View this post on Instagram The survivors were being treated in area hospitals, firefighters said. An investigation was launched to determine the cause of the accident. “I want to express my solidarity with the families of the victims,” Brazilian President Luiz...

Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings. Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as part of the government’s push to raise revenue through financial market taxation. Until now, Brazilian residents who sold up to 35,000 Brazilian reals (roughly $6,300) in crypto assets per month were exempt from income tax. Gains beyond that were taxed progressively, starting at 15% and reaching as high as 22.5% for volumes above 30 million Brazilian reals. The new flat rate, which went into effect starting June 12, removes all exemptions and applies equally to all investors regardless of the size of their transactions, according to a report by local news outlet Portal do Bitcoin. Read more

Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark. Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s […] The post Brazil’s central bank plans to use CBDC data to guide interest rate decisions appeared first on CryptoSlate.

XRP Ledger has welcomed two stablecoins: EURØP, a MiCA-compliant euro token backed by European banks, and USDB, a dollar coin tied to Brazilian and US bonds. The launches strengthen XRPL’s role in tokenised finance, connecting institutions, DeFi and RWA markets in Europe and Latin America. The post XRP Ledger Welcomes First MiCA-Compliant EURØP and Brazil’s USDB Stablecoins appeared first on Cryptonews.

The stock market-listed Brazilian payments firm Méliuz has unveiled plans to spend around $26.5 million on Bitcoin (BTC) purchases. The post Brazil’s Méliuz Announces Plans to Buy Another $26.5M Worth of Bitcoin appeared first on Cryptonews.

Ukraine's Foreign Minister Andrii Sybiha has called on Brazil to help facilitate direct negotiations between Presidents Volodymyr Zelensky of Ukraine and Vladimir Putin of Russia in Istanbul.

US musician Lady Gaga has broken her silence following the arrest of two people for allegedly plotting to bomb her historic concert in Brazil’s Rio de Janeiro on Saturday. To Read Lifestyle Stories in Urdu – Click Here Earlier, Brazilian police said that they had thwarted a bomb attack planned for her concert that drew […]

Brazilian police on Sunday said they had arrested two people in connection with a foiled plot to attack Lady Gaga’s packed mega-concert in Rio de Janeiro. Rio’s civil police force said that “together with the ministry of justice”, it had “prevented a bomb attack that would have occurred at Lady Gaga’s concert in Copacabana” on Saturday night. Officials said the superstar’s huge free gig on the beach, her first concert in Brazil since 2012, drew up to two million people. Writing on X, Rio police said it had arrested an adult who was “responsible for the plot” as well as a teenager in the operation codenamed “Fake Monster” — a reference to the US pop diva’s pet name for her fans, “Little Monsters”. It said those involved had recruited people online to “carry out attacks using improvised explosives” and Molotov cocktails as “a collective challenge with the aim of “gaining notoriety on social media”. The police added that the group behind the plot “spread hate speech”, radicalised youths, and used self-harm on di...

Ukraine and Brazil have a lot in common, similar economies, and thus, it is necessary to strengthen cooperation, especially in agriculture and trade.

An Israeli soldier, who survived the October 7 Nova festival massacre and subsequently participated in military operations in Gaza, departed Brazil today (Sunday) after a federal court issued an investigation order against him on suspicion of genocide and crimes against humanity. The investigation stemmed from a complaint filed by a pro-Palestinian organization. The soldier had […]

Slovakia could buy Embraer C-390 aircraft from Brazil while selling Zuzana 2 howitzers to the South American country.

Russian leader Vladimir Putin says he will not attend the Group of 20 summit in Brazil, where he could be arrested under an International Criminal Court warrant.

Ukraine’s Prosecutor General Andrii Kostin stated that he had received intelligence suggesting that Russian leader Vladimir Putin might attend the upcoming G20 summit in Brazil next month. He called on the Brazilian authorities to carry out the arrest warrant if the Russian president appears there.

Hungary will take part in the inaugural meeting of the Friends of Peace initiative in New York, co-led by China and Brazil, with a call to launch peace talks to end the war in Ukraine as soon as possible.