Brazil | Crypto

The rollout lets users convert crypto to local currency and pay merchants via QR codes, tapping Latin America’s biggest crypto market. KuCoin Pay has integrated with Pix, Brazil’s central bank-run instant payments network, allowing users to convert and spend cryptocurrencies at any merchant that accepts Pix QR codes.  The launch taps into one of the world’s largest crypto user bases, with roughly 26 million Brazilians, about 12% of the population, now using digital assets, according to a Friday announcement from the exchange. The integration supports instant crypto-to-Brazilian currency conversions (Brazil’s currency is the real), enabling users to transfer funds from KuCoin accounts to any Brazilian bank or pay merchants directly through Pix. It also features multi-functional wallet tools for managing both cryptocurrencies and fiat currencies within the KuCoin app. Read more

Coinbase is rolling out its DEX trading platform to Brazil about six weeks after it launched in the US, offering Brazilians over 10,000 tokens to trade without leaving Coinbase’s app. Coinbase is expanding its decentralized exchange trading platform, called “DeFi Mullet,” to Brazil, providing them with access to tens of thousands of tokens without needing to leave the Coinbase app. Powered by Coinbase’s Ethereum layer 2 Base, DeFi Mullet first launched in the US on Oct. 8 and is designed to abstract away the complexities of using decentralized finance protocols. “Using our DEX integration, users can trade on popular DEXs, like Aerodrome and Uniswap, without leaving the familiar ease of the Coinbase interface,” Coinbase said on Wednesday. Read more

Brazil is reportedly considering imposing a tax on the use of cryptocurrency for international payments, as it aligns its rules with a global standard for sharing tax data. Brazil is reportedly weighing a tax on the use of cryptocurrencies for international payments as it moves to adopt a global crypto tax reporting data exchange framework. A Tuesday Reuters report, citing “officials with direct knowledge of the discussions,” claims that the Brazilian government aims to tax cryptocurrency use for international payments. During the confidential talks, representatives of the country’s finance ministry reportedly expressed interest in expanding the Imposto sobre Operações Financeiras (IOF) tax to include some digital asset-based cross-border transactions. Read more

Banco Inter and Chainlink test cross-border trade finance using Brazil’s Drex and Hong Kong’s Ensemble networks in landmark blockchain pilot. Brazilian digital bank Banco Inter has completed a blockchain-based international trade finance pilot with Chainlink, the Central Bank of Brazil and the Hong Kong Monetary Authority (HKMA), showcasing how distributed ledger technology can simplify cross-border settlement. The experiment took place under Phase 2 of Brazil’s Drex central bank digital currency (CBDC) project and simulated the settlement of export transactions between Brazil’s Drex network and Hong Kong’s Ensemble platform, a blockchain system developed under the HKMA’s Project Ensemble initiative.  Chainlink provided the interoperability infrastructure connecting the two networks, according to Banco Inter. Read more

Bitpanda has expanded into Brazil through Onda Finance, its first Latin America partnership. Onda has used Bitpanda’s API-first infrastructure for trading, custody and liquidity, with stablecoin-led rollout, optional staking and savings, and BYOL compliance aligned to local rules. The post Bitpanda Expands to Latin America Through Partnership with Brazil’s Ondo Finance appeared first on Cryptonews.

Bitcoin surges despite US government shutdowns delay altcoin ETFs; Brazil rolls out a welcome mat for crypto miners. Bitcoin (BTC) surged into October, defying a US government shutdown that has left altcoin exchange-traded fund (ETF) applications in limbo. But while markets welcomed the arrival of “Uptober,” the headlines elsewhere were dominated by regulatory battles and policy experiments. Two defendants pleaded guilty in what UK police called the world’s largest crypto seizure, a case that has left courts wrestling with whether victims should be repaid at today’s Bitcoin value or at what they lost years ago. Read more

Itaú Asset is launching a crypto division within its billion-dollar mutual funds arm, aiming to deliver alpha for clients with digital assets trading. Itaú Asset Management, Brazil’s largest private asset manager, has created a dedicated crypto division and appointed former Hashdex executive João Marco Braga da Cunha to lead the new unit. The unit builds on Itaú Asset’s existing crypto products, including the bank's Bitcoin exchange-traded fund (ETF) and a retirement fund offering exposure to digital assets. Itaú Asset manages over 1 trillion reais ($185 billion) in assets for its clients. “The crypto asset segment has unique characteristics for generating alpha. It’s a relatively new market that creates major opportunities due to its volatility,” Cunha said. He previously served as portfolio management director at Hashdex, the Brazilian firm that behind one of the country’s first crypto ETFs. Read more

Brazil's 17.5% crypto tax signals a global shift as governments eye digital assets for revenue, ending the era of tax-friendly crypto investing worldwide. Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from digital assets, regardless of the amount. The decision was part of a broader effort by the Brazilian government to bolster revenue through increased taxation of financial markets.  Read more

Brazil’s Chamber of Deputies Economic Development Commission will hold its first hearing on Aug. 20 to examine a proposal to establish a Bitcoin Strategic Reserve (RESBit) worth up to $18.6 billion. As Agência Câmara de Notícias reported, the 3 P.M. ET session will gather technical perspectives on Bill 4501/24, which seeks to modernize Brazil’s treasury […] The post Brazil to hold first hearing on proposed $19 billion Bitcoin Strategic Reserve appeared first on CryptoSlate.

If a bill to create a BTC reserves passes in Brazil's House of Representatives, it will require Senate approval before being signed into law or vetoed by the country's president. Brazil’s House of Representatives will hold a hearing on Aug. 20 to discuss a bill proposing the creation of a national Bitcoin reserve in the country. According to the House website, at least six institutions are slated to participate, including the Central Bank of Brazil, the Ministry of Finance, a crypto advocacy association and representatives from fintech companies and the banking sector. The bill, introduced in November 2024, seeks to allow up to 5% of the country's treasury funds to be used to buy Bitcoin, which translates to a potential investment of roughly $15 billion, assuming the central bank’s total reserves of about $300 billion as of February. Read more

As Brazil’s Pix system expands and BRICS eyes a reserve currency, Trump responds with a 50% tariff and a sweeping trade investigation. The United States has launched a formal investigation into Brazil’s digital trade practices, with a spotlight on Pix, the country’s instant payment system that has rapidly displaced private-sector competitors. The probe, announced on Tuesday by US Trade Representative Jamieson Greer, will examine whether Brazil’s digital and trade policies unfairly disadvantage US companies. Greer said the investigation will review Brazil’s “tariff and non-tariff barriers,” saying the country offers preferential treatment to other trade partners while disadvantaging US exporters. Read more

A cyberattack on Brazil’s Central Bank has triggered a wave of crypto laundering, with at least $40 million in stolen funds funneled into Bitcoin, Ethereum, and stablecoins. The post Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH appeared first on Cryptonews.

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 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.