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.
Itaú Unibanco said it teamed up with tokenization specialist OpenAssets to test tokenized bonds and funds in a pilot run by Brazil's financial watchdog ANBIMA.
The rule applies to transfers above $10,000 and smaller transactions flagged as risky by exchanges.
The framework will address critical issues like official ownership records, private key custody, transaction reversibility and system liability.
These options settle into underlying futures contracts rather than spot cryptoassets, involving no custody, transfer, or administration of tokens.
Blockchain.com launched a Brazil-focused payments platform for businesses, while KuCoin expanded integrations with banking and mobile-money networks across Mexico, Bangladesh and Zambia.
Chainalysis's latest report shows Brazil's crypto market reaching $318B, while highlighting escalating money laundering risks and the need for enhanced compliance.
The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets.
The contracts are regulated by Brazil's securities regulator and designed for professional investors with at least 10 million reais ($1.9 million) in assets.
Starting April 17, users will no longer be able to buy, sell or earn cashback in Mercado Coin, but can sell, spend, or have the token converted to local currency.
The law lets authorities use crypto seized during investigations and expands their power to freeze, block or seize funds in a bid to crack down on criminal organizations.
The consultation was expected to address the tax treatment of crypto transactions following central bank regulations finalized last year.
The blockchain firm is adding custody, payments and brokerage tools for digital asset management and tokenization as it plans to apply for regulatory approval from the central bank.
They argue the tax would be illegal, violating Brazil's Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.
Brazil and Argentina are leading the growth, with Brazil dominating by transaction size and Argentina seeing increasing adoption driven by cross-border payments and stablecoin use.
New legislation requires all stablecoins to be fully backed by reserve assets and introduces penalties for issuing unbacked stablecoins.
The stablecoin sector is expected to grow to $500 billion, while altcoin ETFs are projected to reach $10 billion, driven by regulatory clarity and adoption.
The initiative leverages the Plume Network to tokenize credit card receivables, while giving merchants immediate access to cash.
The stablecoin will be backed by Brazil's National Treasury bonds and offer exposure to the country's interest rate, currently 15%.
Digital fixed-income products are experiencing rapid growth, with $325 million distributed on Mercado Bitcoin's platform in 2025.
The stablecoin will facilitate tokenized asset transactions and is expected to be linked to the Brazilian real.
The São Paulo auction will record every document involved in the process on blockchain, making it a public, traceable, tamper-evident record.
A partner at the investment arm of Itaú Unibanco, the largest private bank in Latin America, is urging investors to allocate a portion of their portfolios to bitcoin as a “dual opportunity” for asset diversification and currency protection. In a recent research note, Renato Eid, Itaú Asset Management’s head of beta strategies and responsible investment, […]
The recommendation is in line with other global asset managers like BlackRock and Bank of America suggesting small portfolio allocations to the largest cryptocurrency.
The defendants were found to have used fake companies and cryptocurrency transactions to conceal the origin of the illicit funds.
The company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet, with 66% shareholder approval, to mitigate negative returns from government bonds.
A new reporting system, DeCripto, will be introduced in July 2025 to track crypto transactions.
An executive at a Brazil-based crypto firm argued that increasing regulation and surveillance are a threat to freedom, and that P2P tech remains a vital line of defense.
The project utilizes a blockchain infrastructure developed with Tanssi's technology, enabling predictable transaction fees and reliability, rather than relying on public blockchains.
The move comes amid new regulations from Brazil's central bank, requiring crypto firms to be licensed and report international transactions.