Oobit Targets Brazil for Crypto Payment Revolution Tether-backed fintech Oobit is launching in Brazil to bridge the gap between crypto ownership and real-world spending. With over 26 million crypto users, Brazil offers fertile ground for adoption. Oobit’s DePay feature enables users to pay merchants directly from self-custody wallets. Closing the Crypto Utility Gap While stablecoins…
India and Brazil Strengthen Strategic Tech Partnership India and Brazil have committed to significantly deepen their bilateral cooperation across key technological domains, including digital public infrastructure (DPI), artificial intelligence (AI), and other emerging technologies. Both nations recognize these areas as vital for national development and enhancing public service delivery. This agreement, formalized during Indian Prime…
Brazil’s federal government is pushing ahead with plans to enhance oversight of cryptocurrency transactions, even as sweeping tax reforms on digital assets provoke sharp political debate. In a formal notice published via ComprasNet, Brazil’s online public procurement portal, the Ministry of Justice and Public Security called for proposals on new technology capable of monitoring and…
In a landmark move to counter rising digital asset crimes, Brazil’s Ministry of Justice and Public Security has announced a sweeping initiative to acquire advanced blockchain analysis software. The effort aims to crack down on the illicit use of cryptocurrencies such as Bitcoin and Ethereum in crimes ranging from fraud to money laundering, signalling a…
Brazilian authorities are taking a significant step towards enhancing their capabilities in combating cryptocurrency-related crime, announcing an open contract for a sophisticated software solution. The objective of this initiative is to enable the state to effectively track the locations and movements of various cryptocurrency projects across the nation for the next 36 months. This proactive…
Small Investor Exemptions Removed Brazil has officially scrapped its tax exemption for small-scale crypto investors. Previously, those who sold up to 35,000 Brazilian reals (roughly $6,300) in crypto per month paid no tax on gains. This exemption helped encourage grassroots adoption and everyday trading. But under the new policy, even the smallest crypto profits are…
Itaú Unibanco, one of Brazil’s biggest banks, is making waves in the digital asset world by extending cryptocurrency trading services to its clients. According to reports, customers will initially be able to trade Bitcoin (BTC) and Ethereum (ETH), which will serve as a monumental advancement toward the convergence of traditional banking and digital finance. A…
With the launch of the world’s first exchange-traded fund meant to track the spot price of XRP, the cryptocurrency linked to Ripple, Brazil has struck another landmark in digital asset integration into traditional finance. The trading of this new fund kicked off on April 25 on B3, Brazil’s leading stock exchange. As investment products positioned…
A Heavy Price: Justice Served to Braiscompany Crypto Fraud Braiscompany’s three collaborators for the crypto fraud have been chastised quite pedantically by a federal court, shrieking the so-called poker players’ punishment hand of an unsparing life term of 171 years. These modulators and translators of crypto-asset investment schemes are geared towards being part of the…
