Central Bank of Brazil

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain

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According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hiperledger Besu, the open-source platform elected for the tests, will allow the…

Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case

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A court in Sao Paolo, Brasil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldn’t retrieve his funds from the platform, recibió…

Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto

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The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds to invest in cryptocurrency tokens with the equivalent protections offered to other…

El presidente del Banco Central de Brasil no está de acuerdo con las regulaciones de "mano dura" para las criptomonedas

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The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is indeed necessary, it has to be done in a way that…

Director del Banco Central de Brasil elogia a Bitcoin como una innovación financiera, Charlas Programable Digital Real

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Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies. To Araujo, Bitcoin was the catalyst for what is today known as Web3. At an event, Araujo…

Central Bank of Brazil Reports Brazilians Have Bought More Than $4 Billion in Cryptocurrency This Year

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Brazilians have brought over $4 billion of cryptocurrencies to the country, according to numbers from the Central Bank of Brazil. The commercial asset balance report presented shows that Brazilians have consistently acquired over $350 million dollars of cryptocurrencies each month since…