Bank of Brazil Becomes the First State-Backed Bank to Allow Customers Exposur...
Brazil’s first crypto ETF debut is postponed, but not because plans have failed whatsoever. The Bank of Brazil (Banco do Brasil) is now joining the bandwagon of ETF issuances, following the same steps as Bank Itaú and BTG Pactual did. New Launch Date Set for April 26 According to a letter sent by Hashdex to its clients, the state-backed banking institution will be able to offer its customers the possibility of buying the crypto ETF of Hashdex, which will have the ticker “HASH11.” That said, the Bank of Brazil’s customers could have exposure by investing in....
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The Central Bank of Brazil's building in BrasÃlia. Source: OPLOP. On Wednesday, not only did we have the central bank of Israel come out and warn of the perils of getting involved with digital currencies, Hungary also came forward with a statement of their own. Now, the Central Bank of Brazil is coming out of the woodwork with a statement of their own. And while they haven't slammed down the ban hammer like Russia recently has, they have echoed the sentiments previously communicated by a number of other central banks. The bank reminds its citizens that "virtual currency" are not issued nor....
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part of LIFT Lab, an annual initiative focused on financial innovation.
Itau Unibanco to Develop Digital Real Stablecoin
The Central Bank of Brazil is advancing in its pilot program for the launch of its central bank digital currency (CBDC), the digital real. The bank has selected Itau....
The Central Bank of Brazil and Fenasbac, the National Federation of Associations of Central Bank Servers, decided to select nine projects to monitor and support their different proposals for the application of a hypothetical Brazilian central bank digital currency (CBDC), the digital real. Projects from companies and organizations like Aave, Banco Santander, and Mercado Bitcoin were selected to be developed as examples of how a digital real could be used.
LIFT Challenge Selects Nine Digital Real Projects
The LIFT challenge, an initiative organized by Fenasbac and the Central Bank....
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this new test will include a fixed supply of the mentioned token, and detailed this pilot will be executed during the last six months of this year.
Central Bank of Brazil Advances CBDC Project
The Central Bank of Brazil has offered details about the advancements it has made regarding its CBDC project, the digital real. Its president,....
A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank, submitted a report to the Sindh High Court recommending a complete ban on cryptocurrency.
Bank Alfalah Asks Customers to Avoid Conducting Crypto Transactions
Pakistani Bank Alfalah has reportedly started sending SMS alerts to its customers, asking them to avoid carrying out cryptocurrency transactions using its banking channels.
Incorporated in....