Brazil | Crypto

A Sept. 29 fund-share record project adds another layer to Ripple's Brazilian footprint, while CSD BR keeps the official securities register. The post Ripple quietly made Brazil the center of its XRPL tokenization push appeared first on CryptoSlate.

Its research platform represents aviation fuel benefits as transferable tokens that are retired after a claim, while commercial scale remains unquantified. The post Brazil’s largest energy giant tests Cardano to fix carbon double-counting appeared first on CryptoSlate.

Petrobras developed two Cardano-based applications to track sustainability claims tied to aviation fuel and renewable diesel as part of an ongoing research collaboration. Brazilian state-controlled oil company Petrobras has developed two blockchain applications using Cardano to track sustainability data for sustainable aviation fuel (SAF) and its Diesel R renewable fuel. According to a Wednesday announcement from the Cardano Foundation, the first application, developed with PUC-Rio’s Ledger Labs, tokenizes environmental attributes associated with SAF into digital tokens designed to prevent the same claim from being used more than once. The application uses a Book-and-Claim model, which allows the environmental benefit to be separated from the physical fuel and assigned to an airline, company or passenger even if the SAF is used elsewhere. Read more

CSD BR mirrors live BTG Pactual fund ownership records on the XRP Ledger, adding public verification without replacing its official database. The post XRP News: Brazil $4T Financial Infrastructure Expands Onto XRPL appeared first on Cryptonews.

Central bank-authorized institutions must notify Coaf when transfers to or from user-controlled wallets meet the threshold. The post Brazil’s $252 billion crypto market gets $10,000 self-custody reporting rule appeared first on CryptoSlate.

Brazil's central bank will bar virtual assets, including stablecoins, from settling one specific type of international payment flow starting Oct. 1. Resolution 561 targets the settlement leg between regulated foreign-exchange providers and their overseas counterparties, requiring that leg to run through a licensed FX transaction or a qualifying non-resident real account. Individual international transfers using […] The post Brazil blocks stablecoins from key cross-border payment rail as $1.1 trillion market faces new limits appeared first on CryptoSlate.

The real-hedged Brazilian fund packages Strategy and Strive preferred shares while leaving distributions and unit returns unguaranteed. The post Brazil’s B3 gets DIGY11, a new ETF tracking Bitcoin treasury preferred stock appeared first on CryptoSlate.

A power-allocation dispute ended two Uruguay mining sites, leaving Tether’s smaller Adecoagro pilot to prove it can secure dependable energy on workable terms. The post Tether’s $120 million Uruguay mining failure now shadows its next Bitcoin bet in Brazil appeared first on CryptoSlate.

DIGY11 aims for annual distributions matching Brazil’s interbank rate plus 3–5 percentage points, net of costs, though investors' actual returns are not guaranteed.

The bank will test tokenized fixed-income securities and investment funds as part of an ANBIMA-led industry pilot. Itaú, Latin America’s largest private sector bank, has partnered with digital asset infrastructure provider OpenAssets to participate in an industry-led pilot testing the tokenization of fixed-income securities and investment funds in Brazil. The initiative is led by the Brazilian Financial and Capital Markets Association (ANBIMA), which is testing the issuance, trading and settlement of capital markets instruments using distributed ledger technology (DLT). According to Tuesday’s announcement, the companies will develop technical proofs of concept and assess the operational, compliance and technology requirements for tokenized assets, with debentures and investment funds among the use cases being explored. Read more

The rules, effective Jan. 1, 2027, cover transactions above $10,000 sent to overseas providers or self-custody wallets, along with other transfers flagged for review. Brazil’s central bank will require virtual asset service providers (VASPs) to place precautionary holds of up to 24 hours on certain transfers to foreign platforms or self-custody wallets as part of new measures aimed at preventing fraud.  On Friday, the Banco Central do Brasil (BCB) said the requirement will apply to funds received above $10,000, either in a single transaction or based on a customer’s total transactions in a day. Providers must also hold other transfers requiring further scrutiny under their risk-management policies.  The rules take effect on Jan. 1, 2027. Providers must notify customers of holds and keep records of fraud incidents, attempted fraud and corrective actions. A VASP may complete its assessment and release a transfer before the 24 hours expire, provided that it follows parameters set out by the central bank.  Read m...

The IMF said Brazil’s stablecoin market has expanded rapidly since 2017, with cross-border crypto flows growing faster than traditional capital flows. The International Monetary Fund said Brazil’s crypto asset market, particularly US dollar-pegged stablecoins, has expanded rapidly since 2017 and requires closer oversight as cross-border crypto flows grow faster than traditional capital flows. In its Financial System Stability Assessment released Thursday, the IMF said stablecoins have played a key role in the significant growth of Brazil’s crypto asset market. The report said cross-border crypto flows have “been steadily increasing” and that stablecoin purchases are two to three times more sensitive to global shocks than traditional portfolio investment or foreign direct investment flows. The IMF said Banco Central do Brasil (BCB) has already taken steps to regulate crypto asset service providers, but gaps remain in areas such as customer asset protection, stablecoin issuance rules and anti-money laundering (...

Ten dairy cows in Paraná, Brazil, carried encrypted identities that Cowmed collars had built from each animal's health, behavior, and location data into B3 this week. Those identities turned the cows into collateral for nearly $20,000 in credit, and the record behind them aims to shrink the haircut lenders apply and stop lenders from pledging […] The post How 10 cows in Brazil unlocked a tokenized path to bridge an $8 trillion global finance gap appeared first on CryptoSlate.

Ten tokenized dairy cows backed a $19,600 loan registered on Brazil’s B3, in one of Brazil’s first uses of tokenized livestock as loan collateral. Brazil’s B3 stock exchange has reportedly found a new use for dairy cows by backing a loan with tokenized cattle. The transaction involved a loan of 100,000 Brazilian reais ($19,600) secured by 10 dairy cows from Fazenda Engenho Velho in the southern Brazilian state of Paraná, valued at about 120,000 Brazilian reais ($23,500). The deal was structured by Brazilian investment fund Target FIDC, according to CNN Brasil. Each cow received a unique digital token linked to an encrypted digital identity, while AI-powered smart collars from agriculture tech company Cowmed monitor each animal’s health, reducing the need for physical inspections. Read more

B3 registered the first guaranteed OTC flexible option tied to Hashdex's crypto-index ETF, HASH11, in a trade between Inter and XP. B3's clearinghouse served as the central counterparty in the trade, placing a crypto ETF-linked exposure inside the same back-office machinery that handles counterparty risk, margining, clearing, and settlement. That is the infrastructure layer that […] The post Brazil just moved a crypto ETF into market plumbing Wall Street still wants opened appeared first on CryptoSlate.

Brazil’s central bank barred virtual assets from settlement inside regulated eFX payment rails as it tightens oversight of crypto-linked flows. Brazil’s central bank, Banco Central do Brasil (BCB), has barred the use of virtual assets in certain regulated international payment and transfer services, tightening rules for cross-border payment providers operating under the country’s eFX framework. On Thursday, BCB published Resolution BCB No. 561, amending existing rules for eFX, a regulated category covering international payments and transfers. The resolution states that payments or receipts between an eFX provider and its foreign counterparty must be carried out exclusively through a foreign exchange transaction or movement in a non-resident Brazilian real account, with the use of virtual assets prohibited. The restriction also applies under transitional rules for eFX providers that are not yet listed among approved provider categories. Those firms may continue providing eFX only if they apply for authorizati...

Brazil has blocked 27 prediction market platforms, including Kalshi and Polymarket, as new rules classify many contracts as gambling. Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket. The decision, announced Friday, follows a directive from the Ministry of Finance and enforcement by the National Telecommunications Agency (Anatel), according to state-owned news outlet Agência Brasil. Authorities claimed that such services fall outside Brazil’s current legal framework and therefore operate illegally. “We have been monitoring the evolution of this sector in Brazil, which suffered a period of anarchy because there were no rules, no oversight, from 2018 to 2022,” Finance Ministry executive secretary Dario Durigan reportedly said during a press conference at the Palácio do Planalto. Read more

Aimed at fighting organized crime groups, the new law allows confiscated assets including crypto to be used for ”police re-equipment, training, and special operations.” Brazil’s public security agencies have a new weapon for fighting organized crime after national legislators approved a measure allowing them to use confiscated cryptocurrency in their efforts. On Wednesday, Brazil’s legislative branch published Law No. 15.358, establishing a legal framework for combating organized crime. The law allows authorities to prohibit transactions on crypto exchanges by treating digital assets as instruments in a crime, and confiscate crypto to be used to fund public security. “For the purposes of forfeiture of assets, any asset that has been used to commit a crime shall be considered an instrument of the crime, even if it was not intended exclusively for that purpose,” said a translation of the law, which included: Read more

Kalshi's first move outside the United States is not London, not Singapore, not any of the financial centers that have spent years building crypto-friendly regulatory frameworks. It is Brazil, through XP International and its brokerage arm, Clear, offering prediction markets to Brazilian investors as a “new asset class” anchored at launch to economic events such […] The post Kalshi’s Brazil prediction market launch lands in a country already fighting a betting addiction crisis appeared first on CryptoSlate.

On Feb. 20, Brazil's foreign trade council published a technical resolution reducing import duties to zero for a narrow class of hardware: SHA256 Bitcoin miners exceeding 200 terahashes per second with energy efficiency below 20 joules per terahash. Three days later, French state-owned energy giant Engie told Reuters it was considering installing Bitcoin miners at […] The post Brazil cuts Bitcoin miner import duty to zero and companies may plug them into stranded solar next appeared first on CryptoSlate.